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☆ Wholesale inflation rose 0.6% in February, much more than expected
▼ + stars: | 2024-03-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department's Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast from Dow Jones and comes after a 0.3% increase in January. Another measure that also excludes trade services rose 0.4%, compared with the 0.6% gain in January, and was above the estimate for a 0.2% advance. The PPI is considered a leading indicator for inflation as it indicates costs early in the supply chain.

Persons: Dow Jones Organizations: Labor Department's Bureau of Labor Statistics, Dow, Futures, Commerce Department, Labor Department, PPI, BLS, CPI Locations: U.S

☆ Yet another inflation gauge came in hot for February
▼ + stars: | 2024-03-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

CNN —Rising energy prices helped to fuel yet another hot inflation reading for February. A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday. While a seasonal energy price surge is at the root of the gain, the latest Producer Price Index is yet another reminder of the arduous process to rein in inflation. The hot PPI report comes two days after a similar reading from the Consumer Price Index, a closely watched gauge of inflation at the retail level. Core PPI rose 0.3% for the month, a slowdown from the 0.5% jump in January.

Persons: Price, we’ve, ” Kyle Anderson, ” Organizations: CNN, PPI, of Labor Statistics, Consumer, Federal Reserve, Indiana University’s Kelley School of Business, ”, BLS

☆ 4 economic reports the market cares about most next week, including a fresh look at inflation
▼ + stars: | 2024-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.

Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States

☆ January wholesale prices rise more than expected, another sign of persistent inflation
▼ + stars: | 2024-02-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday. The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month. On a core basis, which the Fed focuses on more as a longer-term gauge of inflation, the CPI was up 3.9%. Stock market futures moved lower after the PPI report and Treasury yields surged. However, excluding food, energy and trade services, the index rose 2.6% after being up 1.8% in December.

Persons: Dow Jones, pare Organizations: Labor Department, PPI, CPI, Commerce Department

☆ Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
▼ + stars: | 2024-01-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. Excluding food, energy and trade services, PPI also was up 0.2%, in line with the estimate. For the full year, the final demand measure less food, energy and trade services rose 2.5% for all of 2023 after being up 4.7% in 2022. Markets initially reacted positively to the PPI release but turned lower through morning trading. PPI measures the prices that producers pay for goods and services, while CPI gauges what consumers pay in the marketplace.

Persons: Dow Jones, Kurt Rankin, Jamie Dimon Organizations: Labor Department, PPI, PNC, Diesel, Traders, Federal, Market, JPMorgan Locations: U.S

☆ US wholesale inflation closes out 2023 with 1% annual rate in December
▼ + stars: | 2024-01-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times. Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s revised 0.8% reading, according to data released Friday by the Bureau of Labor Statistics. On Thursday, the December Consumer Price Index, which is the most widely used measure of retail inflation, showed prices rose annually by 3.4%. “Producers are not facing costs that need to be pushed through to consumers in order to maintain their bottom lines that would reignite inflation,” Rankin said. The US central bank has become increasingly data dependent in its campaign to bring down inflation.

Persons: Price, we’ve, Kurt Rankin, Rankin, “ there’s, Eugenio Aleman, Raymond James ’, ” Rankin, “, —, ” Organizations: New, New York CNN, Bureau of Labor Statistics, PPI, PNC Financial Services, CNN, “, PNC Locations: New York, United States

☆ Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
▼ + stars: | 2023-11-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. Final demand services prices were unchanged. Some 80% of the drop in goods prices came from a 15.3% tumble in gasoline prices, the Labor Department said. Airline passenger services prices increased 3.1%. Correction: Wholesale prices in October posted their biggest decline in 3½ years.

Persons: Dow Jones, Price, Stocks Organizations: Dow, Labor Department, PPI, Federal, Airline, Commerce Department, Empire, Manufacturing Survey, New York Federal Reserve Locations: New York

☆ This key US inflation gauge fell last month by the most since 2020
▼ + stars: | 2023-11-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

The Producer Price Index, which measures the average price changes that businesses pay to suppliers, fell 0.5% on a monthly basis. It’s the largest monthly drop since April 2020, when the rapidly spreading Covid-19 virus caused a sharp economic contraction. When stripping out the volatile food and energy categories, core PPI was unchanged for the month, bringing the yearly increase to 2.4%. On Tuesday, the October Consumer Price Index showed that US consumer prices were unchanged for the month, contributing to a slowdown in the annual inflation rate to 3.2%. “Fed officials are getting to keep their cake and eat it too, so far with economic growth and inflation cooling.

Persons: Price, ”, Chris Rupkey, Andrew Butters, “ There’s, ” Butters, we’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, PPI, FwdBonds, “ Fed, CPI, Indiana University Kelley School of Business, Fed, CNN Locations: Minneapolis

☆ US retail sales dip; producer prices post biggest drop in 3-1/2 years
▼ + stars: | 2023-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.

Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's

☆ US producer prices unexpectedly fall in October
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Goods prices dropped 1.4% in October, with a 15.3 plunge in gasoline prices accounting for more than 80% of the decline. Goods prices rose 0.8% in September. Food prices fell 0.2%. Excluding the volatile energy and energy components, goods prices edged up 0.1% last month. These so-called core goods prices rose 0.2% in September.

Persons: Lucia Mutikani Organizations: Labor Department's Bureau of Labor Statistics, PPI, Reuters, Fed, Thomson Locations: U.S

☆ Gasoline, food drive US producer prices higher; core inflation cools
▼ + stars: | 2023-10-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The so-called core PPI increased 2.8% on a year-on-year basis in September after climbing 2.9% in August. Wholesale goods prices increased 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-quarters of the increase. Excluding the volatile food and energy components, core goods prices edged up 0.1% for the second straight month. This mostly reflected the normalization of supply chains, whose disruption fueled goods inflation in the aftermath of the COVID-19 pandemic. Though core inflation is cooling, higher gasoline and food prices could hamper progress by raising the cost of other goods as well as causing consumers to expect inflation to rise.

Persons: Sarah Silbiger, Christopher Rupkey, Will Compernolle, Alex McGrath, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Labor Department, Federal Reserve, Treasury, Reuters, PPI, Reuters Graphics, Trade, Fed, Thomson Locations: Mount Pleasant, Washington ,, WASHINGTON, New York, East, Greenville , South Carolina

☆ Wholesale inflation rose 0.5% in September, more than expected
▼ + stars: | 2023-10-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. Inflation pressures came primarily from final demand goods, which surged 0.9% on the month, while services increased 0.3%. Much of the goods prices increase came from gasoline, which jumped 5.4%, while food prices posted a 0.9% gain. Energy prices broadly rose 3.3%. On the services side, prices for final demand services less trade, transportation and warehousing rose 0.3%, while final demand trade services costs increased 0.5%.

Persons: Dow Jones, Mike Loewengart Organizations: Dow, Labor Department, PPI, Energy, Morgan Stanley's Global Investment, Federal Reserve, Fed Locations: U.S

☆ US wholesale inflation heated up last month amid higher gas prices
▼ + stars: | 2023-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —Wholesale price increases of US goods and services jumped higher for a third consecutive month, influenced by still-high energy prices, according to data released Wednesday by the Bureau of Labor Statistics. September’s overall increase was driven by a 0.9% gain in goods prices due to higher energy prices and food prices, BLS data shows. Gas prices hit new yearly highs in September, as oil prices pushed past $92 a barrel amid supply cuts and catastrophic flooding in Libya. The higher gas prices seen in August and September may filter through to some products and services but shouldn’t ultimately keep inflation higher in the months to come, said Stuart Hoffman, PNC Financial Services’ senior economic adviser. However, the Israel and Hamas war in the Middle East does add volatility to energy prices, he said.

Persons: Price, ”, Gregory Daco, Jerome Powell, Chris Rupkey, FwdBonds, shouldn’t, Stuart Hoffman, ” Hoffman Organizations: Minneapolis CNN —, Bureau of Labor Statistics, Federal Reserve, PPI, PNC Financial Services Locations: Minneapolis, August’s, Libya, Israel

☆ Yellen’s UN week agenda: Food prices, climate change and global aid
▼ + stars: | 2023-09-18 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

"And we're spending time this week discussing food prices and what we can do to alleviate hunger and shortages of food." Oil prices rose to their highest level of the year last week, prompting some experts to predict that crude oil might reach $100 a barrel by the end of the year. "My expectation is that they will stabilize, but we'll just keep an eye on it," she said of oil prices. China's growth after ending Covid pandemic-related lockdowns, though slower than expected, is a contributor to the lift in oil prices, said Yellen. But its weakened economy, along with Germany's, was driving her focus on the global economy at the UN event.

Persons: Janet Yellen, Russia's, Yellen, CNBC's Sara Eisen, Biden Organizations: International Brotherhood of Electrical Workers, United Nations General Assembly, Initiative, World Bank, WASHINGTON —, UN, Treasury, PPI, Republican, GOP Locations: Las Vegas , Nevada, Ukraine, New York City, U.S

☆ Treasury yields rise as investor attention turns to upcoming Fed meeting
▼ + stars: | 2023-09-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by 2.5 basis points to 4.347%. The 2-year Treasury yield was last trading more than 2 basis points higher at 5.056%. Markets are pricing in a 99% chance that the Fed will keep rates unchanged this week, according to CME's FedWatch tool, which gauges pricing in fed funds futures. The figures were followed by the University of Michigan's consumer sentiment report on Friday, which reflected a significant decline of inflation expectations. Before the Fed's rate decision on Wednesday, several reports from the housing sector are due, including September's Housing Market Index data on Monday, as well as building permit and housing starts data on Tuesday.

Organizations: Treasury, U.S, Federal Reserve, PPI, University of

☆ Stock futures are little changed as Wall Street awaits Fed meeting: Live updates
▼ + stars: | 2023-09-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures inched up Sunday night as investors look toward the Federal Reserve's next policy decision. The broad market index and the Nasdaq both ended the previous trading week in the red, marking their second straight week of losses. However, Krosby believes higher prices could be ahead as the labor market remains strong. September's Housing Market Index data is scheduled to be released. The New York Fed will also be announcing September's Business Leaders Survey results.

Persons: Dow, it's, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Fed, LPL, PPI, United Auto Workers, UAW, New Locations: Detroit, September's

☆ The Fed is expected to hold rates steady next week, but its guidance will be key for investors
▼ + stars: | 2023-09-15 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely anticipated to hold rates steady in the week ahead, but key for investors will be the central bank's guidance on where it's headed from here. Investors are assessing a mixed batch of economic reports ahead of the Fed's September policy meeting. Meanwhile, August retail sales came in better than expected, jumping 0.6% against a 0.1% increase expected by economists. Housing data released in the week ahead could show whether housing demand remains solid. Week ahead calendar All times ET.

Persons: Bank's Rob Haworth, Jerome Powell, Powell, Hogan, Instacart, Arm's, Mills, Lisa Cook, —, Jeff Cox, Michael Bloom Organizations: Federal Reserve, Dow Jones, Dow, Nasdaq, Investors, PPI, Federal, Riley, FedEx, Housing, Philadelphia Fed, Darden, FactSet, Systems, National Bureau of Economic Research, Artificial Intelligence, PMI, SA, PMI Manufacturing SA, PMI Services SA Locations: NAHB, Toronto, Canada

☆ CNBC Daily Open: Arm’s surge lends helping hand to banks
▼ + stars: | 2023-09-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In the same vein, when Arm experienced a flush of wellbeing, it radiated through markets' entire body, giving them their best day in weeks. The S&P 500 advanced 0.84%, its best showing in around two weeks, and the Nasdaq Composite gained 0.81%. "You've got the perfect framework of inflation heading in the right direction, but the economy not falling apart," Hogan said.

Persons: Rene Haas, Michael M, Hogan, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Goldman, Goldman —, assuaged, You've Organizations: GM, Arm, Nasdaq, Santiago, Getty, CNBC, Riley, Big, JPMorgan, Tech, Dow, PPI Locations: New York City, U.S

☆ Treasury yields rise as investors digest inflation data
▼ + stars: | 2023-09-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield was last up by over two basis points to 5.043%. U.S. Treasury yields climbed on Friday as markets absorbed the latest economic data and investors considered what it may mean for interest rates. Investors considered the outlook for interest rates and looked to economic data ahead as they digested this week's inflation reports. Investors considered what the data could mean for Federal Reserve monetary policy after concerns about rates going higher still have grown. That was prompted by strong economic data and comments from Fed officials that left the possibility of further rate hikes on the table.

Persons: Dow Jones Organizations: U.S, Treasury, Investors, PPI, Federal Reserve

☆ Wholesale inflation ticked up last month, exceeding expectations
▼ + stars: | 2023-09-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Wholesale inflation accelerated for the second month in a row, mirroring a similar trend in the Consumer Price Index report, the Bureau of Labor Statistics reported Thursday. The Producer Price Index, a key measure of price changes at the wholesale level, rose to 1.6% from 1.3% for the 12 months ending in August. Stripping out the more volatile categories of food and energy, core PPI rose 2.2% on an annual basis in August, in line with economists’ expectations. The PPI is a closely watched inflation gauge, since it captures average price shifts upstream of the consumer. But this week’s inflation data is unlikely to push the Fed to raise interest rates at its meeting next week.

Persons: Price, uptick, ” Raymond James ’, Eugenio Aleman Organizations: New, New York CNN, of Labor Statistics, PPI, July’s, Thursday’s PPI Locations: New York, July’s

Wholesale inflation surged 0.7% in August, largely due to a spike in energy costs, the Labor Department reported on Thursday. The producer price index, a measure of what businesses pay for their supplies, rose 1.6% for the year. The core PPI, excluding energy and food costs, rose 0.3% for the month and 3% for the year, above estimates for increases of 0.2% and 2.2%. The overall August increase is the largest since a 0.9% increase in June of 2022, when inflation began rising sharply, and was fueled heavily by a 10.5% increase in energy prices. On Wednesday, the government said the consumer price index rose 0.6% in August and 3.7% for the year.

Persons: “, ” Julia Pollak, ” Organizations: Labor Department, Analysts, PPI, Research, CPI, Federal

☆ August wholesale inflation rises 0.7%, hotter than expected, but core prices in check
▼ + stars: | 2023-09-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

On a 12-month basis, core PPI increased 2.1%, its lowest annual level since January 2021. Final demand goods prices rose 2% in August, the biggest one-month gain since June 2022. Services prices increased 0.2%. Compared to the monthly rise in CPI, retail sales in real terms were flat on the month. The retail report also reflected higher energy prices, as gas station sales rose 5.2%.

Persons: Dow Jones, That's Organizations: U.S . Department of Labor, Dow, PPI, CPI, Commerce Department, Markets, Dow Jones, Treasury, Federal Reserve, Group, Labor Department

☆ Stock futures are little changed on Thursday evening: Live updates
▼ + stars: | 2023-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Futures connected to the Dow Jones Industrial Average added 32 points, or 0.09%. S&P 500 futures and Nasdaq-100 futures hovered near the flatline. The Dow jumped 331.58 points, or 0.96%, rising for the first time in three sessions and notching its best daily performance in over a month. Elsewhere, the headline producer price index grew 0.7% in August, coming in above economists' expectations for 0.4%, per Dow Jones. U.S. crude oil prices jumped nearly 2% and rose above $90 a barrel for the first time since November.

Persons: Dow, Dow Jones, Mona Mahajan, Edward Jones, eking, Stocks Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Adobe, Holdings, Dow, Industrial

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

☆ Strong services costs lift US producer prices; inflation expectations dip
▼ + stars: | 2023-08-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Some said the downgrade to June's data meant the rise in the PPI last month was in line with expectations. In the 12 months through July, the PPI increased 0.8% after gaining 0.2% in June, boosted by a lower base of comparison last year. Excluding the volatile food and energy components, the so-called core goods prices were unchanged last month after falling 0.2% in June. In the 12 months through July, the so-called core PPI increased 2.7%, matching June's rise. As with all the July inflation data, the pick-up in the annual core PCE rate is due to unfavorable base effects.

Persons: Bill Adams, Will Compernolle, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Reuters Graphics, Treasury, Consumers, University of, CPI, Fed, Thomson Locations: August WASHINGTON, Dallas, U.S, New York, disinflation

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