What is the PPI report and why do you need to know about?
The PPI (Producer Price Index) report is a measure of the average change over time in the prices received by domestic producers for the sale of their goods and services. It is released by the Bureau of Labor Statistics (BLS) and is used to track inflation at the wholesale level.
Traders may be interested in the PPI report because it can provide an early indication of changes in consumer inflation, which can affect the Federal Reserve's interest rate policy and ultimately impact the stock market. If the PPI shows an increase in prices, it may signal that inflation is rising, which could lead the Fed to raise interest rates in order to curb inflation. Higher interest rates can make borrowing more expensive for businesses and consumers, which can slow economic growth and negatively impact stock prices. Therefore, investors may want to take the PPI report into consideration when making investment decisions.
So when is it?
TOMORROW January 18th, 2023 1 hour before market opens!
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