GEAUX TIGERS!
Wholesale prices in the U.S. climbed in May for the first time in three months, reflecting an increase in fuel and food prices that failed to filter through to other goods. The producer-price index rose 0.5 percent after falling 0.7 percent in April, which was the biggest drop in more than three years, according to a Labor Department report released today in Washington. The median estimate in a Bloomberg survey of 76 economists projected the index would gain 0.1 percent. So-called core wholesale inflation, which excludes often-volatile food and energy prices, increased 0.1 percent. The recession in Europe and slowing growth in emerging markets such as China may continue to restrain commodity costs, damping global inflation. The lack of price pressures means Federal Reserve policy makers may continue to consider the possibility that the economy needs additional stimulus to spur the expansion.
LSU plays UCLA Sunday at 7pm in the first round of the College World Series in Geauxmaha Nebraska. GEAUX TIGERS!
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Producer Price Index MoM | MAY | 0.1% | 0.5% | -0.7% | |
PPI Ex Food & Energy MoM | MAY | 0.1% | 0.1% | 0.1% | |
Producer Price Index YoY | MAY | 1.4% | 1.7% | 0.6% | |
PPI Ex Food & Energy YoY | MAY | 1.7% | 1.7% | 1.7% | |
Current Account Balance | 1Q | -$111.3B | -$106.1B | -$110.4B | $102.3B |
No comments:
Post a Comment