It wasn’t that long ago that the Federal Reserve, the central bank for the United States, was worrying that annual inflation would surpass 9% in the middle of 2022. The U.S. economy hadn’t seen prices rise that fast since the 1980s,

In another sign of easing U.S. inflation, Producer Price Index September wholesale inflation was unchanged Friday, lower than the 0.1% expected by surveyed Dow economists. It rose 1.8% from September 2023.

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,