Wholesale prices rose less than expected in April by 0.2% lower than both the expected reading of 0.4% and the prior reading of 1.1%. As for the PPI annual reading came in at 6.5% slightly lower than the projected reading of 6.6% and worse than the previous reading of 6.9%. Also the Core PPI for the month of April came in at 0.4% higher than both the projected and prior reading of 0.2% respectively. While the Core PPI annual reading came in at 3.0% also higher than the predicted reading of 2.9% and previous reading of 2.7% and marking the biggest rise since late 1991.
Markets were quite calm as market players already locked in the effect of last week