Today, November 15th, they were released in the United States data Producer Price Index (PPI), which is a key indicator of general consumer inflation. At the end of October, the PPI rose by 8% compared to the same month last year, a result lower than the trend in September (+8.5%) and lower than the forecasts of analysts polled by Bloomberg (+8.3%). The producer price index excluding energy and food (Core PPI) increased by 6.7% in October, again below analyst forecasts, which called for growth of 7.2%.
Investors reacted very positively to the release of data suggesting a slowdown in US inflation. The Dow Jones index in the first trading hours added more than 200 points (+0.9%), the S & P 500 rose by 1.5%, the NASDAQ – by 2.4%. Analysts believe that the favorable inflation data should influence Fed policy. “I think these data will have an impact on the Fed,” he said on the TV channel. CNBC Jeremy Siegel, professor emeritus of finance at the Wharton School of Business: “Now they have to see how prices behave: that prices don’t keep going up.”
