Breaking: US annual PPI inflaion declines to 2.2% in May
Source Fxstreet
The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in May, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.3% increase recorded in April (revised from 2.2%) and came in below the market expectation of 2.5%.
Developing story, please refresh the page for updates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
The Japanese Yen (JPY) recovers slightly from a three-week low touched against a broadly retreating US Dollar (USD) during the Asian session on Monday.
On Monday, July 14, Bitcoin (BTC) continued its multi-year rally, climbing toward the $120,000 mark and setting yet another all-time high.
Silver price (XAG/USD) extends its three-day winning streak, marking fresh highs since September 2011 and trading around $39.00 per troy ounce during the European hours on Monday.
The US stock Q2 earnings season kicked off, and JPMorgan, Citigroup (C-US), Wells Fargo, Goldman Sachs will be the first to release their results before the market opens on Tuesday.
