• U.S. producer prices unexpectedly fell in February and the rise in prices in January was not as large as initially thought, offering some hopeful signs in the fight against inflation.
• The producer price index for final demand slipped 0.1% last month, the Labor Department said on Wednesday. Data for January was revised down to show the PPI increasing 0.3% instead of 0.7% as previously reported.
• In the 12 months through February, the PPI increased 4.6% after rising 5.7% in January. Economists polled by Reuters had forecast the PPI gaining 0.3% on the month and advancing 5.4% year-on-year.