Lates News

Finance website Investinglive analyst Greg Michalowski said that the U.S. February PPI exceeded expectations, with overall PPI rising 0.7% month-on-month, higher than the expected 0.3%; the year-on-year increase accelerated to 3.4% (expected 2.9%). Core PPI also showed a similar trend, rising 0.5% month-on-month (expected 0.3%) and a year-on-year increase of 3.9%, significantly higher than expected. This indicates that potential price pressures have not eased as rapidly as expected. Stronger-than-expected inflation data boosted the dollar as the market reassessed the timing and magnitude of potential Fed rate cuts. U.S. bond yields rose slightly while stocks fell slightly, reflecting market concerns that persistent inflation could lead to tighter policy for a longer period of time.