Producer Prices to Provide Fresh Inflation Data: Daily Contrarian, June 14
Good morning contrarians! Stocks are looking to rebound ahead of the latest inflation data as the yield curve moves closer to inversion…

The Producer Price Index reading from the U.S. Bureau of Labor Statistics is out at 0830. This will provide us with some new data on inflation, with the hope that this brings signs that inflation is cooling. Remember that producers generally pass costs on to consumers, so the PPI is actually the leading indicator vis-a-vis the CPI. For whatever reason investors don’t always see things that way, and the PPI is a much smaller event than the CPI, with much less of a reaction by markets. Oftentimes even no reaction at all. Maybe this month will be different?

More on this in today’s briefing and podcast, available here:
Yegor's avatar
Soon we will find out 😬