Data released by the US Department of Labor on Friday (9) showed that the annual and monthly growth rates of the producer price index (PPI) in November rose to 7.4% and 0.3%, both exceeding market expectations of 7.2% and 0.2%. Furthermore, the core PPI growth rate also increased significantly, indicating that inflationary pressures are at a standstill and need time to ease, and it also means that the Federal Reserve (Fed) will continue to raise interest rates.
According to the data, US November PPI rose 7.4%, a higher-than-expected 7.2%, the previous value was revised upwards from 8% to 8.1%, and core PPI rose by 6.2% in November, higher than expected 5.9 The 6.7% has been revised to 6.8%. Month-on-month, November PPI growth was 0.3%, higher than 0.2% expected, previous value was revised up from 0.2% to 0.3%, while PPI growth Core PPI in November was 0.4%, higher than 0.2% expected. the previous value was 0.1%.
After the release of the data, US stock futures fell in the short term,Nasdaq 100 futures indices andS&P 500 indexAll futures fell more than 0.5%;dollar indexShort-term increase of more than 50 points, now at 105.14, US 10-year Treasury bill yieldShort-term pull up to 3.51%.
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