- Producer Price Index (PPI) for March increased by 0.2% MoM and 2.1% YoY, falling short of predicted figures.
- The annual core PPI surpassed predictions with a 2.4% rise on a yearly basis compared to the expected 2.3% increase and 2% recorded in February.
- Weekly Initial Jobless Claims showed improvement, registering at 211K, lower than the anticipated 215K and a reduction from the previous 222K.
- Market expectations for rate cuts have seen fluctuations after the CPI data release.
- Odds of a cut in June plummeted toward 20% following March’s inflation data on Wednesday.
- US Treasury bond yields continued rising. The 2-year yield was the only one that declined to 4.95%, while the 5 and 10-year yields rose to 4.62% and 4.58%, respectively.
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