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PPI: Health Care, Car Insurance Translates To Softer PCE Read (1/2)

US DATA

Two closely-watched categories of March PPI that were "hot" in CPI that will weigh down when translated into the core PCE reading out April 26:

  • Health care services negative at a nine-month low -0.02% M/M (vs +0.28% prior and compared to +0.56% in CPI medical services )

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Two closely-watched categories of March PPI that were "hot" in CPI that will weigh down when translated into the core PCE reading out April 26:

  • Health care services negative at a nine-month low -0.02% M/M (vs +0.28% prior and compared to +0.56% in CPI medical services )

Keep reading...Show less