Tag Archives: PPI
China Yuan dipped on Softer CPI and PPI data
Consumer prices in China rose in August at the fastest rate in six months, driven by higher food costs stemming from weather disruptions. The consumer price index (CPI) increased by 0.6% year-on-year, compared to 0.5% in July, but fell short of the 0.7% forecast. (China CPI y/y Chart, Source: Forex Factory) Meanwhile, the producer price […]
Dollar dips, yields fall on softer US PPI data
On Tuesday, a softer-than-expected rise in US producer prices in July, up 0.1% against estimates of 0.2% eased dollar. The Dollar Index dipped 0.51%, closed at 102.6 against other major currencies. The higher goods costs offset by more affordable services, signaling a continued moderation in inflation. This led to a rally in Treasuries, driving tiled […]
Favorable Producer Prices Data Signals Ongoing Moderation in Inflation
The U.S. Bureau of Labor Statistics (BLS) disclosed its latest figures on Thursday, revealing the Producer Price Index (PPI) for May. This index, which measures the average change over time in the selling prices received by domestic producers for their output, showed a year-on-year increase of 2.2%. The growth rate is slightly below what financial […]
Focus on XAUUSD today – 15th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for 15th May 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Supply Chain Inflation Stagnates, Fed Chair Powell Rules Out Rate Hikes
The US Producer Price Index witnessed a 0.5% month-over-month increase in April 2024, representing a significant change from the 0.1% decrease observed in March, revised down from earlier reports. The April uptick surpassed the anticipated 0.3% rise. Service prices saw their biggest jump since July, climbing 0.6% after a revised 0.1% decrease the previous month. […]
China’s Deflation Haze Temporarily Dissipates, Market Awaits Trade Barrier Developments
China’s annual inflation rate rose to 0.3% in April 2024, surpassing market estimates and the previous month’s figure of 0.1%. It marked the third consecutive month of consumer inflation, amid an ongoing recovery in domestic demand despite a fragile economic revival. Non-food inflation accelerated to 0.9% from 0.7% in March. Simultaneously, transport costs added 0.1% […]
Producer Inflation Accelerated Again, highlighted ‘Last Mile’ Challenge for Federal Reserve
In February 2024, the United States observed a month-over-month escalation in the Final Demand Producer Price Index (PPI) by 0.6%, indicating the largest growth since the previous August, exceeding the 0.3% advance anticipated by the market. A significant rise of 1.2% was seen in the prices of goods, driven largely by a boost of 4.4% […]
Timing the Federal Reserve’s Next Interest Rate Cut in 2024
The Federal Reserve, being a central bank with a dual mandate, is significantly tasked with ensuring equilibrium between inflation and employment market scenarios. Each consumer gets impacted by price fluctuations of goods and services, whether they are buying everyday commodities like milk and eggs or renting houses that are elastic to interest rates. In the […]
Service Sector Drives Upswing in U.S. Producer Price Inflation for January
In January 2024, producer prices for final demand in the United States experienced a month-over-month uptick of 0.3%. This represented the most significant increase over a five-month period, succeeding a 0.1% decline in December and surpassing the projected growth of 0.1%. Service costs rose by 0.6%, marking the highest surge since July 2023, propelled by […]
