Producer prices came in well above expectations, with energy the key driver amid the ongoing US-Iran conflict. The data reinforces a hawkish Fed backdrop and suggests limited room for the central bank to turn more dovish. The inflation surprise is market-wide relevant and could pressure rate-sensitive assets.
Producer prices came in well above expectations, with energy the key driver amid the ongoing US-Iran conflict. The data reinforces a hawkish Fed backdrop and suggests limited room for the central bank to turn more dovish. The inflation surprise is market-wide relevant and could pressure rate-sensitive assets.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
