Inflation for US producers cooled down in August

US inflation cooled off at the wholesale level in August, bolstering hopes that high tariffs aren’t yet causing prices to spiral out of control, fresh data showed Wednesday.

However, economists caution, the better-than-expected reading could be a sign of a slowing economy and that shrinking businesses’ margins could foretell higher prices for consumers in the near future.

CNN’s Matt Egan reports, and John Berman speaks with former Yahoo Finance columnist Rick Newman. #CNN #News