Title- Wholesale prices rose 0.2% in March, less than expected
link- https://www.cnbc.com/2024/04/11/ppi-inflation-report-march-2024-wholesale-prices-rose-0point2percent-in-march.html
In March, the producer price index (PPI) rose 0.2%, below expectations, suggesting less inflationary pressure. However, on a 12-month basis, the PPI increased by 2.1%, indicating ongoing inflation pressures. Excluding food and energy, the core PPI rose 0.2%. On the consumer side, the CPI rose 3.5% from a year ago in March, exceeding expectations. Market reaction was muted, with stock futures slightly higher and Treasury yields declining. Initial jobless claims fell to 211,000, below expectations, while continuing claims increased to 1.82 million. The market is now pricing in the possibility of two interest rate cuts this year, likely not starting until September.
3 comments:
I think interest rate cuts have been expected since the very end of last year/beginning of this year, I wonder what would actually take for the Federal Reserve to accept to do so.
This is interesting but honestly makes sense to me. Feel like we keep seeing inflation less than what it was before but people are still sitting around waiting for it to sky rocket. I believe we will continue to see historically low inflation numbers.
what are some reasons you think that could have lead to lesser inflation than expected?
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