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The producer price index was not of any importance previously
Because, simply put, inflation has been stable and near 2% levels.
But after it exceeded the federal levels and limits, it became of greater importance
Investors and Fed members began to attach additional importance to it
It simply means that are the prices of products rising or declining?
If they are increasing, this means that their prices for the consumer will rise and thus raise the inflation rate
Therefore, it is as if inflation has risen
I mean, we can say that it is an early reading of inflation or an unofficial reading of it
🔴 Released now:
💎 America - 🇺🇸
🔵 Producer Price Index
▪️ Previous: 2.2%
▪️ Estimate: 2.3%
▫️ Current: 2.6%
Result: Positive for the US dollar
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