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The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for final demand moved up 2.2 percent for the 12 months ended in April, the ...
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post: Powell: the Policy Rate is Restrictive Powell: Time Will Tell if We’re Sufficiently Restrictive on Policy Powell: Don’t Think Likely Next Move Would Be a Rate Hike post: Powell: Restrictive Policy May Take Longer Than Expected to Bring Inflation Down Powell: We Will Get Inflation Down to 2% post: Powell: Housing Inflation Has Been a Bit of a Puzzle Powell: Current Rent Increases Have Been Low for Some Time, Not Showing Up in Rollover Leases post: Powell: Lags Between Decline in Mkt Rates and It Showing Up Are Longer Than We Though Powell: It Should Show Up, Just a Question of When post: Powell on the April PPI: "I wouldn’t call it hot. I would call it sort of mixed." (The main readthroughs to PCE from the PPI likely offset as lower airfares and health care costs likely offset the hotter financial services subcomponent.)