US final demand PPI for May 0.1% vs 0.1% est.. YoY 1.8% versus 2.0% est.

  


US final demand PPI for May

  • US final demand PPI for May 0.1% versus 0.1% estimate
  • US final demand PPI YoY 1.8% versus 2.0% estimate.  Last month 2.2%.
  • US PPI ex food and energy 0.2% versus 0.2% estimate
  • US PPI ex food energy and trade 0.4% versus 0.2% estimate
  • US PPI ex food and energy YoY 2.3% versus 2.3%estimate.  2.4% last month
  • US PPI ex food energy tradeYoY  2.3% versus 2.2% last month

US PPI Ex food and energy falls to 2.3%

The PPI rise is at the slowest pace in a year.  Slow inflation would give the Fed more room for a cut. They meet on June 19 with expectations for no change in policy. The July meeting is pricing in a 76% chance for a cut. The US CPI the data will be released on Wednesday. The year-over-year core inflation is forecast to remain steady at 2.1%. The headline index is expected to rise by 1.9%

ForexLive



Source link