The producer price index, a gauge of costs at the wholesale level in the U.S. economy, posted an unexpected 0.1% decline in August. Here's what to know:

For the third time this year, the PPI showed outright deflation in what is generally considered a measure of pipeline price pressures. Wall Street economists had been looking for a 0.3% increase. The core PPI, which strips out food and energy, also fell 0.1% though core minus trade services actually rose 0.3%

The tame reading will only feed market expectations of a Federal Reserve rate cut next week, and President Donald Trump was quickly on the case. "Just out: No Inflation!!! 'Too Late' must lower the RATE, BIG, right now. Powell is a total disaster, who doesn't have a clue!!!" he posted on Truth Social in his latest shot at Fed Ch

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