Fri, 07/10/2020 – 08:37
For the third straight month, US Producer Prices deflated on a year-over-year basis in June.
Against expectations of a 0.2% decline, PPI Final Demand fell 0.8% YoY…
The headline PPI print fell 0.2% MoM against expectations of a v-shaped bounce back +0.4% MoM.
Food prices fell 5.2% in June as Energy rose 7.7%.
Core PPI also fell (down 0.1% YoY)
Which helps support the ongoing plunge in Treasury yields…
And completely decouple from stocks…
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Author: Tyler Durden
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