U.S. producer prices were unchanged in September as a small rise in the cost of services was offset by cheaper goods, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month.

G0d4ather The Producer Price Index came in flat M/M in September, less than the 0.1% increase expected and decelerating from August's 0.2% rise, the U.S.

Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While inflation has fallen significantly from a peak of about 9% last summer,

U.S. producer prices were unchanged in September as a modest rise in the cost of services was offset by cheaper goods, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month.