Core PPI
Business
US
USWhy is this trending?
U.S. Core PPI surged to 6% year-over-year in April, the largest annual increase since 2022 and well above the 4.3% forecast. Monthly Core PPI rose 1.0% against expectations of 0.3%. The hot inflation data fueled market volatility and diminished hopes for Federal Reserve rate cuts.
Trending 3h
Sign in to join the conversation
Log in to chat