17 days ago • Posted by Ajmir Omid

US PPI misses, Core CPI overshoots #infaltion #fed #markets #trading

US PPI is out and the message is mixed. On a positive note, the headline PPI came in at 8.7% YoY, below expectations. Nevertheless, Core PPI surprised to the upside, growing by 7.3% (vs 7.1% estimated).