Here is what you need to know about this weeks PPI and CPI and more...
Here is what is going down this week at the Fed:
Producer Price Index October 12, 2022 at 8:30 am
CPI report October 13, 2022 at 8:30 am
U.S. import and Export Price Indexes October 14, 2022 at 8:30 am
The main focuses of this week is going to be the CPI and the PPI.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The Producer Price Index for October will be published by the U.S. Bureau of Labor Statistics. This data point measures the change in prices that manufacturers receive for their products and services on a monthly basis. With inflation soaring, prices have been elevated for months. Investors are looking for any sign that prices are starting to ease. In August, PPI rose 8.7% year-over-year, marking the smallest such gain since the same time period in 2021. In July, the index jumped 9.8% on an annual basis. Thursday:
The Consumer Price Index for October will be issued by the Bureau of Labor Statistics. This index, closely followed by markets, measures the change in prices for a basket of goods and services. Prices have remained high for months, with the CPI up 8.3% in August on an annual basis. Food, shelter and medical care drove the increase last month. The reading for August was lower on a monthly basis but remains at a 40-year high for the preceding 12-month period. Investors are hoping inflation will begin to ease as the Fed raises rates, but that has yet to happen in a significant way.
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PPI Report Explained:
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