BREAKING: US macro data weaker than expected. PPI lower, jobless claims higher

1:32 PM 13 June 2024

US jobless claims came in higher than expected: 242 k vs 225 k expected and 229 k previously

  • Continued jobless claims came in 1820 k vs 1795 k exp. and 1792 k previously

Final PPI YoY came in 2.2% vs 2.5% exp. and 2.2% previously

  • Final PPI MoM came in -0.2% vs 0.1% exp. and 0.5% previously

Final PPI ex food and energy YoY came in: 2.3% vs 2.5% exp. and 2.4% previously

  • Final PPI ex food and energy MoM came in: 0% vs 0.3% exp. and 0.5% previously)

US dollar loses after today macro reading. Wall Street sees today US data as a chance for faster Fed rate cuts. US producer prices surprisingly dropped -0.2% MoM vs 0.5% previously and jobless claims came in one step closer to 250k.

Source: US Bureau of Labor Statistics (BLS), XTB Research

USDIDX (M15 interval)

Source: xStation5

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