In January, the US Producer Price Index (PPI) increased by 0.9% year-on-year, exceeding expectations
Bitget2024/02/16 13:41
In January, the US PPI increased by 0.9% year-on-year, higher than the expected 0.6%, but lower than the previous value of 1%; The month-on-month increase in US PPI in January was 0.3%, reaching a new high since August last year, exceeding the expected growth of 0.1% and reversing the previous decline of 0.1%. Traders anticipate a decreased likelihood of interest rate cuts by the Federal Reserve in May and June.
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