US producer inflation trends higher; labor market remains stable
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year.
The consensus estimate is a 0.2% rise in the producer price index in January, which would match the increase in December.
While the PPI report was undeniably hot, the Personal Consumption Expenditures (PCE) price index came in softer.
The US dollar struggles as hot PPI fails to lift DXY. Falling Treasury yields and euro strength keep pressure on the ...
US wholesale prices picked up in January on higher food and energy costs, highlighting only limited progress on inflation ...
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The producer price index for final demand was up 0.2% month-over-month (s.a.), below the 0.4% forecast. On a non-seasonally adjusted annual basis, headline PPI accelerated from 3.0% in ...
A huge source of the PPI increase comes from final demand goods, representing roughly one-third of January’s increase. Fueling this was diesel jumping 10.4% and rising prices for chicken eggs. Chicken ...
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