Institution: US PPI Data Below Expectations, but Future Inflation Outlook Remains Uncertain

BlockBeats News, January 14th, an IGM analyst stated that U.S. December PPI inflation was far below expectations. The overall data rose by 3.3% year-on-year, lower than the market consensus forecast of 3.5%, while the index excluding food and energy rose by only 3.5% year-on-year, below the expected 3.8%.

This data is a positive signal for the Fed's next steps, but it does not necessarily mean that people will see soft CPI results in the coming months. (FX678)