CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PPI Seen Accelerating

US DATA

PPI in 10 minutes (0830ET) is the day's data highlight - a brief preview courtesy of our data team:

  • The monthly rate of US headline final demand PPI is expected to rise 0.6% in October, accelerating modestly from the 0.5% rise seen in September. Similarly, the core monthly rate is forecast to increase to 0.5% in October from 0.2% in September. The core PPI excluding Trade is expected to follow suit, coming in at 0.3% in October, up from 0.1% in September.
  • Ex-Food/Energy BBG survey range is +0.2 to +0.8% ; headline final demand +0.4 to +1.0%.
  • Analysts expect both the annual rate of PPI for final demand and core PPI are expected to remain stable at 8.6% and 6.8% respectively, although there is a chance of upside surprises given the consistently high readings in price components of recent business surveys.
  • Barring a significant outlier result vs consensus, PPI is seen as paling compared to Wednesday's CPI release in terms of potential market reaction, but still worth watching for the development of underlying price dynamics.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.