Analysts at Nomura commented on the PPI numbers that only matched consensus, but argued that airline fares may pose upside risk to core PCE inflation. Key Quotes: “PPI details suggest downside risk to September CPI forecast The headline PPI rose 0.2% m-o-m in September, matching the consensus forecast. Excluding volatile components such as energy (-0.8%), food (-0.6%) and trade service prices (+0.1%), the “core” PPI showed a decent increase of 0.4% m-o-m compared with the market expectation of 0.2%. That said, some of the strength in the core PPI was attributable to higher prices for airline passenger services, which rose strongly by 5.5% m-o-m. As this component has been volatile and is often affected by changes in jet fuel prices and the seasonal patterns of holiday travel, the 0.4% gain in the core PPI may not be sustainable.” 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 AUD/USD Technical Analysis: Aussie bulls might have more fuel in the tank to drive the market up to 0.7200 target FX Street 4 years Analysts at Nomura commented on the PPI numbers that only matched consensus, but argued that airline fares may pose upside risk to core PCE inflation. Key Quotes: "PPI details suggest downside risk to September CPI forecast The headline PPI rose 0.2% m-o-m in September, matching the consensus forecast. Excluding volatile components such as energy (-0.8%), food (-0.6%) and trade service prices (+0.1%), the "core" PPI showed a decent increase of 0.4% m-o-m compared with the market expectation of 0.2%. That said, some of the strength in the core PPI was attributable to higher prices for airline passenger services, which rose… 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.
