More good news today for the US economy, this time from the Producer Price Index
More good news today for the US economy, this time from the Producer Price Index. PPI climbed 0.6% in April, well above analysts' estimates of 0.2%. It's the highest monthly gain since September 2012. The price increases were broad-based, from food to transportation, and signals a potential improvement in economic conditions. With inflation being somewhat elusive of late, price increases are a good thing (as long as inflation remains below the Fed's target of 2%). Core PPI, which strips out food and energy, was up 0.5% as well - meaning the increase is less likely to be volatile in nature. (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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