PPI dropped just a bit from last month, registering 10.8% YoY (unadjusted) for May versus 10.9% for April and 11.5% for March. The MoM tally was +0.8% for May versus 0.4% for April.
The very slight drop in the YoY data is unlikely to assuage the Fed’s fears about inflation being out of control. But, it’s enough to contribute to a slight bump in futures heading into the two-day FOMC meeting and OPEX.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |