US Core PPI YoY (Dec) Y/Y 3.3% vs. Exp. 2.9% (Prev. 3.0%, Rev. From 3%)
The US Core PPI year-on-year figure of 3.3% has significantly surpassed expectations of 2.9% and reflects an increase from the previous reading of 3.0%.
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Fed's Bostic (Retiring) says inflation is too high and needs to come down, want clear evidence of a return to 2%, via CNBC
US Core PPI YoY (Dec) Y/Y 3.3% vs. Exp. 2.9% (Prev. 3.0%, Rev. From 3%)
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This stronger-than-expected inflation signal could elevate concerns about persistent inflationary pressures, potentially leading to a reassessment of monetary policy and interest rate expectations going forward.
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