“Some moderation” in US producer price pressures

Summary: US producer price index (PPI) up 0.5% in April, in line with expectations; annual rate falls from 11.5% to 11.0%; “core” PPI up 0.4%; producer price pressures remain elevated, likely to continue filtering through to consumer prices”; US Treasury yields lower, rate-rise expectations ease. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in...

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