The data released by the U.S. Department of Labor on Friday (9th) showed that the producer price index (PPI) annual and monthly growth rates in November rose to 7.4% and 0.3%, both higher than market expectations of 7.2% and 0.2%. In addition, the core PPI growth rate has also increased significantly, indicating that inflationary pressures are still and need time to ease, and it also means that the Federal Reserve (Fed) will continue to raise interest rates.
According to the data, the U.S. November PPI increased by 7.4%, higher than the expected 7.2%, the previous value was revised up from 8% to 8.1%, and the core PPI rose by 6.2% in November, higher than the expected 5.9%. 6.7% was revised up to 6.8%. On a monthly basis, November PPI growth was 0.3%, higher than the expected 0.2%, the previous value was revised up from 0.2% to 0.3%, while the core PPI growth in November was 0.4%, higher than the expected 0.2%, the previous value was 0.1 %.
After the data came out, U.S. stock futures fell short-term,Nasdaq 100 index futures andS&P 500 IndexFutures all fell more than 0.5%;dollar indexShort-term rise of more than 50 points, now at 105.14, US 10-Year Treasury Bond YieldShort-term pull up to 3.51%.
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