MARKETS IGNORED NOMINALLY HIGHER THAN EXPECTED PPI
Markets generally ignored the slightly higher than expected increase in July’s Producer Prices. The PPI rose 0.2% from the month earlier. Compared with a year ago, the PPI rose 2.6%. Stripping out food and energy, the core rate increased 0.4% from the month before and 3.0% from a year ago. As noted, both measures were … Read more