U.S. Producer Prices Jump Much More Than Expected In April

U.S. producer prices rose much more than expected in April, following yesterday's consumer inflation data and signaling renewed inflation pressure. The report is likely to reinforce a hawkish stance from the Fed and could push interest-rate expectations and bond yields higher.

Analysis

U.S. producer prices rose much more than expected in April, following yesterday's consumer inflation data and signaling renewed inflation pressure. The report is likely to reinforce a hawkish stance from the Fed and could push interest-rate expectations and bond yields higher.