US producer prices fall in May compared to previous month
331 sats \ 4 comments \ @TomK 13 Jun econ
The PPI data take away a little pressure from the inflation kettle.
YoY Growth: PPI (May), 2.2% Vs. 2.5% Est. (prev. 2.2%) Core PPI, 2.3% vs. 2.5% Est. (prev. 2.4%)
MoM Growth: PPI (May), -0.2% Vs. 0.1% Est. (prev. 0.5%) Core PPI, 0.0% Vs. 0.3% Est. (prev. 0.5%)
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53 sats \ 3 replies \ @Coinsreporter 13 Jun
So, does this data make sense for a rate cut?
I actually foresee a series of relaxing datasets by the various agencies just to create some easy atmosphere for Biden and co. Elections time! Practically, the data is nowhere close to reality ..
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32 sats \ 2 replies \ @TomK OP 13 Jun
Of course not. But the PPI can't be manipulated that easy by our commies like the cpi
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11 sats \ 0 replies \ @Undisciplined 13 Jun
Close enough for government work.
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53 sats \ 0 replies \ @Coinsreporter 13 Jun
Yes, I agree PPI isn't as easy to be manipulated. I also wish it to be true for the sake of stability and in anticipation of better market conditions. But let's see if this data makes sense on real grounds!
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