News

US: Focus on PPI inflation data today – Nomura

In May, US PPI report suggested moderate pipeline inflation as both processed and unprocessed material prices excluding food and energy did not show signs of a material acceleration during the month, notes the research team at Nomura.

Key Quotes

“While the prices paid index of the ISM manufacturing survey eased in June, it indicated continued increases in raw material prices and points to some potential for a pickup in pipeline inflation.”

“Moreover, among components relevant to the core PCE price index, PPI hospital services prices for previous months could be revised as the BLS incorporates delayed responses and makes necessary corrections for this series.”

“A potential downward revision to the February reading of hospital services prices would exert further downward pressure on core PCE y-o-y inflation.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.