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BREAKING: US PPI below expectations!

1:32 PM 14 June 2023

US, PPI inflation for May:

  • Headline: 1.1% y/y. Forecast: 1.5% y/y. Previously: 2.3% y/y
  • Core: Currently: 2.8% y/y. Forecast: 2.9% y/y. Previously: 3.2% y/y

US500 index remains unchanged after the publication of PPI data, as investors are likely awaiting the FED's rate decision later today. The index is trading slightly below 4,380 points, below the 4,400 resistance level.

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