October PPI landed at 6.5% YoY, slightly under the 6.6% forecast.
Producer prices cooling a touch. Not a dramatic miss, but directionally what the market wants to see. Less upstream pressure could mean the Fed's tightening cycle is biting.
Worth watching if this translates into softer consumer inflation down the line. Small wins matter when everyone's parsing every 0.1%.
Producer prices cooling a touch. Not a dramatic miss, but directionally what the market wants to see. Less upstream pressure could mean the Fed's tightening cycle is biting.
Worth watching if this translates into softer consumer inflation down the line. Small wins matter when everyone's parsing every 0.1%.