Archive for the ‘Headline Index’ tag
Economists Call Core Inflation ‘Tame’ Despite Soaring Energy Prices
Economists say the main story in June’s producer price index is that
core prices, which exclude food and energy, remain contained
despite soaring costs from energy driving up the headline index.
The U.S. Labor Department’s seasonally adjusted core measure of
producer prices rose by 0.2% in June, lower than the consensus forecast,
but total prices moved up 1.8%, four-tenths higher than consensus.
Thursday’s Events: UI Claims, Philly Fed Mfg
At 10 a.m. EDT, the Philadelphia Fed will release its
manufacturing index for June. Economists expect the
headline index to rise to a reading of -10.0 compared to May’s score of -
15.6. Markets will also be paying attention to the prices paid, new
orders and employment indexes, which scored 53.8, -3.7 and -1.0
respectively in May.
Friday’s Events: U.S. CPI, Michigan Sentiment; Greenspan Speaks
At 10 a.m. EDT, Reuters and the University of Michigan will release
the preliminary consumer sentiment report for June. The headline index is
expected to decline to 59.0 compared to May’s final 59.8.
At noon EDT, former Fed Chairman Alan Greenspan will
speak at an economic forum in Mexico City…