About the Video
Weekly stock market analysis – US Producer Price Index (PPI) Report, US Retail Sales Data and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Economic Updates
2:17 → US Producer Price Index (PPI) Report
3:04 → US Retail Sales Data
4:22 → Upcoming Important Dates
US producer price growth stepped down in October by more than expected in the latest sign that inflationary pressures are beginning to ease. The PPI reflects wholesale inflation by measuring how prices paid to producers for goods and services develop. The PPI for final demand advanced 8% from a year ago, the smallest annual gain in more than a year, and 0.2% from month earlier. Core PPI was unchanged in October and rose 6.7% y-o-y. The data further indicated to investors that inflation is likely cooling after solid consumer inflation figures last week hinted at that.
US retail sales posted the biggest increase in eight months in October, indicating demand for goods is broadly holding up despite decades-high inflation and a worsening economic outlook. The value of overall retail purchases climbed 1.3% last month after stagnating in September. However, a strong retail sales data means the purchasing power of consumer remain strong, and that may signal the Federal Reserve to stay hawkish in order to curb the 40-years high inflation.
The spread between the yields on the 10-year and 2-year Treasury notes has been inverted for more than a month, and is now standing at -0.70%. An inverted yield curve has historically been a reliable indicator of a coming recession, coming most recently before downturns in 1990, 2001, and 2008. While brief inversions typically don’t predict a downturn, ones that last beyond a momentary flashing can have stronger predictive power.
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
