US PPI Ex Food, Energy and Trade MoM (Dec) M/M 0.4% (Prev. 0.2%)
The December PPI excluding food, energy, and trade came in at 0.4%, notably higher than the previous 0.2%.
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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 PPI Ex Food, Energy and Trade MoM (Dec) M/M 0.4% (Prev. 0.2%)
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This stronger-than-expected reading could imply upward pressure on inflation, potentially influencing the Fed's outlook on future rate hikes. Watch for market movements in interest rates and the dollar, as this could suggest a more aggressive policy stance going forward.
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