Headline, core US PPI annual rates rise in October

14 November 2024

 

Summary: US producer price index (PPI) up 0.2% in October, in line with expectations; annual rate rises to 2.4%; “core” PPI up 0.3% over month, up 3.1% over year; Westpac: consistent with headline CPI inflation at target; short-term US Treasury yields rise, longer-term yields fall; rate-cut expectations soften; ANZ: CPI, PPI data signal October PCE data could be firm; services prices up 0.3%, goods prices up 0.1%. Around the end...

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