Transitory Inflation? Like CPI Yesterday, PPI Comes In Above Consensus But Market Stable In Early Going forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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All eyes seem to be on the big “I” as investors focus on inflation with two gauges of prices coming in hotter than expected this week. But it also seems that investors may be coming to grips with the prospect of higher prices, especially those that buy into the Fed’s view of “transitory” inflation.
The government’s April producer price index registered a 0.6% increase, ahead of a Briefing.com consensus forecast of a 0.3% gain. The PPI news comes one day after the government’s April consumer price index rose far more than expected, with the core CPI gaining 0.9% when a Briefing.com consensus had expected that inflation metric to rise just 0.3%.
South Dakota Unemployment Claims For Week Ending May 8 hot1047.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hot1047.com Daily Mail and Mail on Sunday newspapers.
3 hours ago in National
A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic) Photo: Associated Press
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) â U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.
Weak Asian markets, which are at one-month lows, and a second day s fall in US stocks overnight may hit domestic market sentiment on Wednesday. There are concerns globally that rising inflation in the US will trigger a Fed rate hike soon. Back home, Covid cases in India fell for the third day, raising hopes that the country may soon see a peak in daily cases.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 21.50 points, or 0.14 per cent, lower at 14,828.50, signalling that Dalal Street was headed for a negative start on Wednesday.