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
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.
Wall Street is expected to open the week in the same negative tone that closed the previous one.
AUD/JPY extends its winning streak for the third successive session, trading around 96.80 during the European hours on Monday.
Metaplanet added another 797 BTC to its treasury.
Bitcoin broke through $123,000 on Monday, setting a fresh all-time high.
