According to Odaily, Wall Street Journal reporter Nick Timiraos, often referred to as the 'Fed's mouthpiece', shared his views on the Producer Price Index (PPI) for April on platform X. He quoted Powell's perspective, stating that he would not describe it as overheated, but rather as a mix of good and bad.
The main interpretation of PPI towards Personal Consumption Expenditures (PCE) might be offset due to lower airfare prices and healthcare costs, which could counterbalance the popular financial services sub-item. This statement provides an insight into the current economic situation and the potential impact of various factors on the PPI.