Wholesale prices unexpectedly fell 0.2% in May In May, the producer price index (PPI), which measures prices producers receive for goods and services, unexpectedly fell by 0.2% instead of rising by the anticipated 0.1%. This decline, driven by a significant 0.8% drop in final demand goods prices, suggests a pullback in inflation. Additionally, initial unemployment claims rose to 242,000, the highest since August 2023. Stock futures gained modestly, while Treasury yields declined following the report. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Bull Market Gains Momentum as Latest Inflation Data Surprises READ MORE STOCK BUBBLE: You Need To See This Data – 1929 Again? READ MORE Goldman Sachs: Gold is the Best Investment Right Now READ MORE Baby Boomers' $76 Trillion Savings Shield US from Recession READ MORE Europe Rallies on French Election, US Awaits Jobs Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment