# U.S. producer inflation rises on strong services gains | Reuters

> The Fed's preferred PCE inflation gauge excluding food and energy reached the 2 percent target, according to the report. The Fed raised rates in June for the second time this year and has forecast two more hikes.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/63949-u-s-producer-inflation-rises-on-strong-services-gains-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Inflation at target supports further Fed tightening, which strengthens the dollar and can pressure dollar-priced commodities and emerging-market currencies.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2024-06-05 | [US dollar rises as strong service sector data muddles Fed easing this year](https://feedsoft.ai/events/8478-us-dollar-rises-as-strong-service-sector-data-muddles-fed-easing-this-year.md) | +1.1% | +0.9% |
| DXY | 2025-05-31 | [Palm Oil Prices Imbas Production In Malaysia Increase](https://feedsoft.ai/events/15564-palm-oil-prices-imbas-production-in-malaysia-increase.md) | -0.5% | -1.9% |
| DXY | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | -0.2% | -0.4% |
| DXY | 2025-08-29 | [GBP/USD consolidates above 1.3450 with muted reaction to US inflation data](https://feedsoft.ai/events/23591-gbp-usd-consolidates-above-1-3450-with-muted-reaction-to-us-inflation-data.md) | -0.1% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/us-producer-inflation-rises-on-strong-services-gains-idUSKBN1K11Q6/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.