💥 BREAKING NEWS: The latest 🇺🇸 US Core Producer Price Index (PPI) data has been released. It came in higher than market expectations, signaling persistent inflationary pressures.

The US Core PPI reached 📈 3.3%, surpassing the anticipated figure of 2.9%. This key inflation metric excludes volatile food and energy components, providing a clearer view of underlying price trends for producers.

This higher-than-expected reading suggests that businesses are still facing elevated costs. Such data can influence future monetary policy decisions by the Federal Reserve, potentially impacting interest rate outlooks and broader market sentiment.