United States Redbook Index (YoY) up to 6.3% in May 10 from previous 6%

May 14, 2024

US annual PPI inflation rises to 2.2% in April as expected

The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Tuesday.

ECB's Wunsch: First 50 bps of rate cuts close to a no-brainer

European Central Bank (ECB) policymaker Pierre Wunsch told German newspaper Handelsblatt the first two 25 basis points reductions in key ECB rates were close to a "no-brainer" but added that high rates for longer by the US Federal Reserve could lead to a slower pace of rate cuts.