The PPI data take away a little pressure from the inflation kettle.
YoY Growth: PPI (May), 2.2% Vs. 2.5% Est. (prev. 2.2%) Core PPI, 2.3% vs. 2.5% Est. (prev. 2.4%)
MoM Growth: PPI (May), -0.2% Vs. 0.1% Est. (prev. 0.5%) Core PPI, 0.0% Vs. 0.3% Est. (prev. 0.5%)
So, does this data make sense for a rate cut?
I actually foresee a series of relaxing datasets by the various agencies just to create some easy atmosphere for Biden and co. Elections time! Practically, the data is nowhere close to reality ..
Of course not. But the PPI can't be manipulated that easy by our commies like the cpi
Close enough for government work.
https://m.stacker.news/35168
Yes, I agree PPI isn't as easy to be manipulated. I also wish it to be true for the sake of stability and in anticipation of better market conditions. But let's see if this data makes sense on real grounds!