Wholesale prices rose more than expected in November, indicating a slowdown in inflation progress, with the producer price index increasing 0.4% month-over-month and 3% annually, the largest advance since February 2023. Despite the rise, core PPI met forecasts at 0.2%, with the exclusion of trade services showing a 0.1% increase. The Federal Reserve is expected to lower its key overnight borrowing rate next week, as markets react to mixed inflation data and concerns over a slowing labor market.
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Greece battles major wildfires amid persistent heatwave | Climate Crisis News
Greece is grappling with severe wildfires amid a weeklong heatwave, with temperatures exceeding 45°C (113°F) and significant fires in Peloponnese, Evia, and Kythera. Authorities issued a red Category 5 alert due to extreme fire risks, evacuations were ordered, and over 100 firefighters are actively battling the blazes with the assistance of aerial support. Want More Context? 🔎
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