- Wholesale inflation rises less than expected in February.
- The dollar remains in negative territory after the data.
- On Wednesday the decision of the Federal Reserve is known.
The Producer Price Index (PPI) rose 0.8% in February, below the 0.9% increase expected by the average of analyst estimates. The annual rate went from 9.7% to 10%, as expected. It is the highest annual rate in decades.
The underlying PPI rose 0.2% in February, less than the 0.6% market consensus. The annual rate, which was expected to rise to 8.7% from 8.3% in January, was off 8.4% in February.
The dollar It did not have a great reaction and maintained a certain weakness that it had in the previous publication of the data. DXY falls 0.35% and remained near the bottom, trading at the 98.75 zone.
Just with these data, the manufacturing Empire index was known. All eyes are on the Federal Reserve, which begins the two-day meeting on Tuesday. The decision will be known on Wednesday and a rise in the interest rate of the Fed Funds of 25 basis points is expected.
Source: Fx Street
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