Cooler-Than-Expected PPI Eases Inflation Fears Amid Iran Conflict
The March Producer Price Index (PPI) rose 4% annually but only 0.5% monthly, below expectations, easing concerns about inflation and boosting markets. Core inflation was 3.6% annually, with energy prices up 8.5% monthly. Signs of de-escalation in the Iran conflict also contributed to a risk-on sentiment on Wall Street.
Topics: inflation Iran conflict market reaction oil prices PPI report