Oddbean

US producer prices increase more than expected in April ========== The US producer price index for final demand rose 0.5% in April, exceeding expectations, indicating elevated inflation early in the second quarter. Economists had forecast a 0.3% increase. In the 12 months through April, the PPI increased 2.2%. Inflation surged in the first quarter due to strong domestic demand. The Federal Reserve is expected to start its easing cycle in September, with some economists predicting a rate cut in July. Consumer price data on Wednesday could provide further insight into the timing of a rate cut. #UsProducerPrices #Inflation #FederalReserve https://www.investing.com/news/economy/us-producer-prices-increase-more-than-expected-in-april-3439529