BLS Stage 1 intermediate producer prices surged +3.2% in May, the largest monthly advance since the series began, as the Hormuz supply shock embeds in production costs. Kevin Warsh enters his first FOMC meeting June 16-17 with headline CPI at +4.2% YoY and payrolls at 172,000 against an 80,000...
Final demand goods prices surged 2.8 percent in May, the largest monthly increase since the series began and the main driver of PPI acceleration. Source
