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Morgan Stanley's economics team moved up their core PCE inflation forecast for December following the release. The firm now believes prices increased 0.23% month over month in December, up from ...
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI ...
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before.
For investors, the PPI report is great news. After surging nearly 2% on Tuesday due to the cool CPI report, the S&P 500 continued to rise Wednesday, jumping 0.31% by midday.
The FD-ID system replaced the PPI "stage-of-processing" (SOP) system as PPI's primary aggregation model with the release of data for January 2014. The scope of the SOP system was narrower than the PPI index. [4] Over 600 FD-ID PPIs are available measuring price change for goods, services, and construction sold to final demand and intermediate ...
A closely watched measure of underlying inflation didn’t budge much at all in December: Core PPI, which excludes volatile food and energy prices, held flat from November and held pat at 3.5% ...
The report followed news on Wednesday that consumer prices accelerated by the most in nearly 1-1/2 years in January, dimming hopes that the U.S. central bank would resume cutting rates in June.
While the PPI data eased concerns, Wednesday's consumer price report will play a more critical role in determining inflation trends. Starting Wednesday, the market will also be monitoring the ...