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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
August Producer Price Index MOM 0.2% vs. estimates of 0.3% with Core PPI MOM 0.1% vs. estimates of 0.2%. The PPI YOY 2.4% vs. estimates of 2.5% with Core PPI YOY 2.0% vs. estimates of 2.1%.
This is a smidge lighter than expectations, but Core YOY did move up from July’s reading of 1.8% to August’s reading of 2.0%, so inflation is moving higher even though it was a tick lower than estimates. A mixed bag here, so far MBS having no reaction.
