PPI

Hey, it’s Friday, and economic data could be a boring read this late in the week, so why not use a title from a 1990s classic hip-hop song (http://www.youtube.com/watch?v=mJgFU3U4X_Y)? Seriously, though, I didn’t sense much in the way of concern in the market regarding the February PPI report....

What do we have here? The Producer Price Index for finished goods declined 0.1 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved up 0.3 percent in November and fell 0.3 percent in October. At the earlier stages of...

Chinese inflation figures were reported Tuesday night. The Chinese consumer price index came in at 5.5% while China's producer price index came in at 5.0%. Analysts had been expecting 5.5% for CPI and 5.8% for PPI, so the figures were together slightly better than expectations. China's drop in...

There is a slew of economic data this week, with a look at inflation, retail sales, initial jobless claims, and manufacturing data leading the way. There are no economic reports scheduled to be released on Monday. Tuesday, September 13, we get August export and import prices at 8:30 a.m. At 2...

The former most powerful central banker in the world is speaking today, and when he talks markets listen. Former Federal Reserve Chairman Alan Greenspan is speaking in Washington D.C. this morning, and he is making some poignant comments about the U.S. economy, as well as his outlook on gold, and...

Millions of investors, traders and money managers are pinning their hopes on one phrase. Trillions upon trillions of dollars are at stake here. Sorry to disappoint. There will be no QE3. Not on August 26th, anyway. This morning we got July Consumer Price Index (CPI), and it was extremely hot...

July Producer Price Index (PPI) came in much hotter than expected, but the futures are not doing much of anything after the release. For July, PPI rose 0.2%, versus estimates of 0.0%. Core PPI rose 0.4%, versus estimates of 0.2%. Dow futures are up 29 points, NASDAQ futures are off 2.5 points...

There is a slew of economic reports due out today, in addition to Federal Reserve Chairmen's Ben Bernanke continued testimony in front of Congress today. At 8:30 a.m., initial and continuing claims are due out. For the week ending July 9, economists expect 410,000 initial claims, down from 418,...

Equity futures popped this morning after the May Producer Price Index (PPI) and May advance retail sales came in better than investors had feared, sending stocks soaring this morning. The May PPI came in at 0.2%, versus estimates of 0.1%. The PPI rose 7.3% year over year, versus estimates of 6.8...

A slew of economic data was just released, and it came in mostly better than expected. January Housing Starts came in at 596,000 versus, expectations of 540,000. This was from up December, from 529,000 housing starts. January building permits were released, showing a drop to 562,000. Economists...