TechFlow News, March 18: According to JIN10 Data, the U.S. Producer Price Index (PPI) annual growth rate for February exceeded expectations, and may accelerate further amid rising oil prices triggered by the Middle East conflict and ongoing import-driven inflationary pressures. The U.S. Bureau of Labor Statistics reported on Wednesday that the PPI rose 0.7% month-on-month in February, driven by services, following a revised 0.5% increase in January. The U.S.-Israel–Iran conflict, which began at the end of February, has pushed oil prices up over 40%. Economists anticipate that the inflationary impact of the conflict will appear in the consumer and producer price reports for March, scheduled for release next month. The Federal Reserve is expected to hold interest rates steady later today. Fed officials will release updated economic forecasts, and economists expect inflation projections to be revised upward; financial markets anticipate only one rate cut by the Fed this year.
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