inflation data
March PPI: Wholesale Inflation Cooler Than Feared — But Energy and the Pipeline Tell a Split Story
March Producer Price Index came in below the scariest forecasts after February's blowout — headline final demand rose 0.5% MoM vs. fears of a 1%+ print. Services were flat, while goods jumped on energy. Core wholesale inflation slowed; intermediate demand still shows pressure in the middle of the supply chain.