Wholesale prices rose 0.7% in February, much more than expected

Producer Price Index was expected to rise 0.3% month-over-month in February. This is breaking news pending official release; if the 0.3% increase is confirmed it would signal continued upstream inflationary pressure that could modestly influence Fed/rate expectations.

Analysis

Producer Price Index was expected to rise 0.3% month-over-month in February. This is breaking news pending official release; if the 0.3% increase is confirmed it would signal continued upstream inflationary pressure that could modestly influence Fed/rate expectations.