Inflation at the large level arrived faster than forecasts last month in another disappointment for investors and decision -makers hoping to cool prices.
The Produce Price Index (PPI) increased 0.4% in January compared to economists forecasts for 0.3% and 0.2% in December. Over one year on the other, the PPI was higher 3.5% compared to estimates of 3.2% and 3.3% in December.
The basic PPI, which excludes food and energy components, increased by 0.3% in January compared to forecasts of 0.3% and 0% in December. The basic PPI from one year to the next was 3.6% higher against estimates for 3.3% and 3.5% in December.
Under pressure again this morning before the new Trump price announcements promised later during the day, the Bitcoin price (BTC) continued to negotiate the level of $ 96,000.
Normally, not too widely followed, today’s IPP figures have taken up more import to come one day after the markets were surprised by the data from the consumer price index (ICC) For January who came much stronger than estimates. Testing in front of the congress yesterday following the rapid inflation report, the president of the federal reserve, Jerome Powell, admitted that there was more work to do on the inflation front.
The PPI number has taken on even more important importance, because Powell said it would be interested in seeing whether the number of today had confirmed the disappointing data of the IPC.
After having reduced the basic rates of 100 base points in the last months of 2024, Powell and the rest of the Fed clearly indicated their intention to suspend any other monetary facility until there is a notable slowdown in economy and / or inflation.
Before the publication of the IPP figure, the markets did not have a price in one rate for all 2025, according to the Watch CME Fed tool.
