Sept PPI +1.3% vs 0.6% est, retail sales +0.8% vs 0.3%, 15 Oct
The short answer
JUST IN: Sept PPI +1.3% vs 0.6% est, retail +0.8% vs 0.3%.
Key figures (as reported)
- Core PPI m/m: +0.7%, hotter than +0.3% est (prior +0.2%)
- Retail ex-autos m/m: +0.9%, faster than +0.6% est (prior +1.4%)
- Wholesale prices and spending rose well above forecast, adding pressure for a Fed hike.
- Trader read: hot producer prices often lift forecasts for core PCE, the Fed's preferred gauge → rate markets tend to reprice hike expectations → ZN and NQ futures tend to see wider ranges.
Sources
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