US producer prices rose 6.5% in May from a year earlier, the fastest pace since November 2022, and increased 1.1% from April as war-related fallout continued to pressure inflation. The data points to sticky upstream inflation and may reinforce a more hawkish policy stance from the Fed. This is market-wide macro news with potential implications for rates, equities, and FX.
US producer prices rose 6.5% in May from a year earlier, the fastest pace since November 2022, and increased 1.1% from April as war-related fallout continued to pressure inflation. The data points to sticky upstream inflation and may reinforce a more hawkish policy stance from the Fed. This is market-wide macro news with potential implications for rates, equities, and FX.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
