PPI Prints Below Expectations, As Expected
Tyler Durden's picture
Submitted by Tyler Durden on 05/11/2012 08:42 -0400
Crude
Natural Gas
2 minutes before the PPI number, expected at a 0.0% print, came out, we said:
When PPI comes below expectations does that mean Dimon's plan for quick QE release is on?
— zerohedge (@zerohedge) May 11, 2012
Sure enough:
PPI: -0.2%, a decline, and a miss of expectations of 0.0%, Y/Y +1.9%, Exp. 2.1%, first drop in 4 months.
Core PPI: 0.2%, in line.
April PPI “should allay fears of producer costs being passed through to customers downstream,” says Bloomberg economist Joseph Brusuelas
Supports Fed’s assessment of transitory inflation increase on rising oil, commodity costs at end 2011
Intermediate costs decline points to reduced pressure on profit margins: Brusuelas
Core intermediate PPI, “closely” watched by Fed, increase "benign," notes Bloomberg economist Rich Yamarone
Full release for those who care here.
http://www.zerohedge.com/news/ppi-prints-below-expectations-expected?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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