U.S. ECO PREVIEW: Producer Price Index Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Producer price index seen increasing 0.3% in May after rising 0.2% in April; April marked first increase in 3 months (forecast range 0% to +0.6%)
Alert: HALISTER1- Bloomberg Intelligence: “14% jump in crude oil and a 4% increase in commodity prices, as reflected by the Bloomberg Commodity Price Index in May, could boost the headline PPI and alleviate some of the downward pressure on core prices”
- Separately, Empire State Mfg Survey seen at -4.9 in June vs -9.02 in May (forecast range -7.5 to 2); tracks sentiment among manufacturers in New York Fed district
Source: BFW (Bloomberg First Word)
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UUID: 7947283