The Producer Price Index in the US dropped 0.2% in March and the core rose 0.2%. Analysts at Wells Fargo point out inflation is soft and containment efforts from COVID-19 should weigh on prices. Key Quotes: “The trend in inflation is softening. Ex-food, energy and trade services, “core-core” PPI matched the headline for a 0.2% decline and saw its smallest year-ago gain in over three years.” “The pricing date for the survey was March 10 and response rates were consistent with February. But, company closures may weigh on response rates in the near-term. The survey was just before states started enforcing social-distancing orders, but price pressure from COVID-19 began to surface. Air passenger services prices plummeted, falling 10% in March. This measure feeds into the PCE deflator, the Fed’s preferred measure of inflation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next OPEC+ debates cuts in excess of 12 million bpd – Reuters FX Street 2 years The Producer Price Index in the US dropped 0.2% in March and the core rose 0.2%. Analysts at Wells Fargo point out inflation is soft and containment efforts from COVID-19 should weigh on prices. Key Quotes: “The trend in inflation is softening. Ex-food, energy and trade services, “core-core” PPI matched the headline for a 0.2% decline and saw its smallest year-ago gain in over three years." “The pricing date for the survey was March 10 and response rates were consistent with February. But, company closures may weigh on response rates in the near-term. The survey was just before states started… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
