0921 ET - February producer price index was benign on the surface, but some details point to sticky consumer prices, Capital Economics' Thomas Ryan writes. He points to hospital PPI and airfares showing worse results than expected. He now sees the 12-month core PCE gauge, due later this month, accelerating to 2.8% from 2.7%, inching away from the Fed's 2% target. Ryan says the three-month annualized rate "would jump even more sharply to 3.4%, from 2.4%." He expects pressure from tariffs to eventually be passed on to consumers. Overall, February PPI was flat, while the ex-food and energy reading deflated by 0.1%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
Capital Economics' Thomas Ryan sees the 12-month core PCE gauge, due later this month, accelerating to 2.8%. It was 2.6% in January. "Benign PPI Print Includes Signs of Sticky Consumer Inflation -- Market Talk," at 9:21 a.m. ET incorrectly said he sees the 12-month core PCE gauge accelerating to 2.8% from 2.7%.
(END) Dow Jones Newswires
March 13, 2025 09:55 ET (13:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。