The Producer Price Index (PPI) for September saw a larger-than-expected increase, mirroring recent trends in consumer inflation. Core producer prices, which exclude volatile energy and food costs, also climbed significantly. These figures could impact expectations for the Federal Reserve’s upcoming interest rate decision, potentially decreasing the likelihood of a rate cut in November.
US stocks are expected to open higher on Thursday, following a strong recovery in the previous session. Investors will be closely watching the producer price inflation report for August, hoping for confirmation of a continued downward trend in inflation. The weekly jobless claims report will also be in focus, while the European Central Bank’s interest rate decision, expected to include a rate cut, could influence global markets.
The Bank of Japan has released the latest Corporate Services Producer Price Index (PPI) for July, showing a 2.3% year-on-year increase. This marks a continuation of the upward trend in services prices in recent months.
