Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

According to data released by the US Department of Labor, the US Producer Price Index rose 0.5% month on month in April, significantly higher than market expectations of 0.3%. However, the index's March data was adjusted from a 0.2% month on month increase to a 0.1% month on month decrease. The US Producer Price Index rose 2.2% year-on-year in April, in line with market expectations, while the year-on-year increase in March was revised from 2.1% to 1.8%. Federal Reserve Chairman Powell stated earlier that he expects inflation to continue to decline in 2024, but his confidence in this is not as high as before. Tim Snyder, Chief Economist of Matador Economics, a US consulting firm, said that inflation has not yet been brought under control, which has somewhat dampened demand. Fed Chairman Powell's speech was somewhat "salt on the wound.".

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.