- Before was +2.4% (adjusted to +2.6%)
- PPI m/m +0.4% vs +0.2% expected
- PPI ex food and energy +3.4% y/y vs +3.2% expected (3.1% pre-revised to +3.4%)
- PPI ex food and energy +0.2% m/m vs +0.2% expected (+0.3% previously)
- Ex food, energy and trade +3.5% y/y vs +3.5% previously
This is one of the 5 reports that Fed Governor Waller identified as the main reason for his FOMC decision in December. But after non-farm payrolls and CPI, the market cut in a December cut as almost certain.
The market's reaction to this report was masked by a surprising jump in volume original applications without employment.
This article was written by Adam Button at www.forexlive.com.
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