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The Producer Price Index rose 0.3% in January 2024, above the expected 0.1%, with services driving the gain while goods prices fell for a fourth month. Food producer prices dropped for a second straight month.
Hotter-than-expected wholesale inflation supports a firmer dollar and rate-cut caution, which can weigh on dollar-denominated grain and feed prices.
krdo.comCNN NewssourceFeb 16, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
