Wholesale Prices See Fastest Rise Since April as Inflation Remains Elevated

U.S. wholesale prices rose 0.5% from August to September, the fastest pace since April, suggesting inflationary pressures remain.

Wholesale energy prices surged 3.3% and food prices rose 0.9% from August to September.

Higher interest rates over the past year have helped cool inflation and slow the job market.

Optimism is rising that the Fed may achieve a "soft landing" by taming inflation without causing a deep recession.

The consumer price index for September will provide insight into whether core inflation continues to ease.