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.

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.

The producer price index (PPI), which measures changes in the prices of goods and services from a producer's perspective, was estimated to show a monthly gain of 0.1% in September. The figure showed a 0.2% month-on-month increase in August.

U.S. producer prices were unchanged in September, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month.

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. Department of Labor said on Friday. More on the U.S. Economy September CPI rises more than expected,