US PPI MoM for May 0.5% vs. 0.3% expected. YoY 3.1% vs. 2.8% expected

Author: Greg Michalowski | Category: News

US PPI data for May 2018

The US PPI data from May came out Higher than expected
  • PPI MoM 0.5% versus the 0.3% expected. Primark came in at 0.1%
  • EX food and energy 0.3% versus 0.2%
  • Ex food, energy, trade, 0.1% versus 0.2%
  • PPI YoY 3.1% versus 2.8%. Prior month 2.3%
  • PPI Ex food and energy YoY 2.4% versus 2.3%
  • Ex food, energy, trade 2.60% versus 2.5% last month
The numbers are hotter than expected and could be reflective of a pipeline of price increases for consumers down the road.  The FOMC is expected to increase rates by 0.25% to 1.75%-2.0% range at 1 PM ET today. 

US yields are a bit higher after the news with the two-year yield of 1.4 bps at 2.553% (up about 1 bp from earlier levels).

The USDJPY is only up about 5 or so pips.  So not much action in the forex market. 
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose