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despite import duties, could also be signaling softening domestic demand against the backdrop of a struggling labor market. The Federal Reserve is expected to cut interest rates at its policy meeting next Wednesday, with a quarter-percentage-point reduction fully priced in, after it paused its easing cycle in January because of uncertainty over the impact of President Donald Trump's sweeping import tariffs."Inflation barely has a heartbeat at the producer level which shows the tariff effect is not boosting across-the-board price pressures yet," said Christopher Rupkey, chief economistat FWDBONDS. "As time goes on, one has to wonder if there are slow-growth reasons and weak economic demand that is keeping inflation in check. There is almost nothing to stop an interest rate cut from coming now."RETAILERS MAY BE EATING TARIFF COSTSThe Producer Price Index for final demand dipped 0.1% last month after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI would advance 0.3% after a previously reported 0.9% surge in July.A 0.2% drop in services prices accounted for the fall in the PPI. That decrease followed a 0.7% rebound in July. Services last month were held down by a 1.7% decline in margins for trade services, reflecting a 3.9% decrease in margins for machinery and vehicle wholesaling."It does look like retailers have been eating tariff costs in recent months," said Stephen Stanley, chief economist at Santander U.S. Capital Markets. "This is quite consistent with the commentary from second-quarter earnings reports and other anecdotal evidence. Firms have consistently said that they have held the line as long as they could, but that they would need to begin selectively hiking prices going forward."The cost of services less trade, transportation and warehousing, however, increased 0.3% while prices for transportation and warehousing services shot up 0.9%.Portfolio management fees increased 2.0%. Airline fares rose 1.0% while the cost of hotel and motel rooms increased 0.9%. Prices for dental services accelerated 0.6%.Goods prices edged up 0.1% after increasing 0.6% in the prior month. Food prices gained 0.1%, with declines in the costs of eggs and fresh fruits partially offsetting more expensive beef and coffee because of tariffs. Wholesale beef prices surged 6.0% and were up 21.1% from a year ago. Coffee vaulted 6.9% and increased 33.3% on a year-over-year basis.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,587.47 +55.43 (+0.85%)Dow 3046,108.00 +617.08 (+1.36%)Nasdaq22,043.07 +157.01 (+0.72%)Russell 20002,421.53 +43.52 (+1.83%)VIX14.71 -0.64 (-4.17%)Gold3,672.80 -9.20 (-0.25%)PortfolioSign in to access your portfolioSign inTop gainersOPEN Opendoor Technologies Inc. 10.52 +4.66 (+79.52%)WBD Warner Bros. Discovery, Inc. 16.17 +3.63 (+28.95%)CRCL Circle Internet Group 133.70 +20.01 (+17.60%)MENS Jyong Biotech Ltd. 64.42 +9.29 (+16.85%)LION Lionsgate Studios Corp. 7.66 +1.05 (+15.89%)Top losersQMMM QMMM Holdings Limited 75.53 -33.97 (-31.02%)RNA Avidity Biosciences, Inc. 41.04 -5.36 (-11.55%)TVTX Travere Therapeutics, Inc. 25.00 -2.31 (-8.46%)KLAR Klarna Group plc 42.74 -3.08 (-6.72%)PAY Paymentus Holdings, Inc. 32.90 -2.27 (-6.45%)Most activeOPEN Opendoor Technologies Inc. 10.52 +4.66 (+79.52%)WBD Warner Bros. 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