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On today's PPI data, Morgan Stanley...>

US DATA REACT
US DATA REACT: On today's PPI data, Morgan Stanley economists are looking for
the number "to decelerate in April on both a headline and core basis. We see
core PPI increasing 0.23%, which would bring the year-over-year pace (not
seasonally adjusted) down to 2.7% from 2.9% in March." For headline PPI, MS
expects "energy prices to continue to be a drag, while food prices should
provide a small boost. Altogether, we look for a 0.19% gain, which would lower
the year-over-year rate (not seasonally adjusted) to 2.8% from 3.0%."

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