Core PPI just printed flat for the month. Zero. Economists were looking for +0.2%.
This is the wholesale inflation number — what businesses pay before they pass costs to consumers. When it runs cold like this, it takes pressure off the Fed and gives them room to stay patient.
Not a game-changer on its own, but another data point saying inflation isn't re-accelerating. Markets like that.
This is the wholesale inflation number — what businesses pay before they pass costs to consumers. When it runs cold like this, it takes pressure off the Fed and gives them room to stay patient.
Not a game-changer on its own, but another data point saying inflation isn't re-accelerating. Markets like that.