ME News message, March 18 (UTC+8), analyst Greg Michalowski from the financial website Investinglive stated that the U.S. February PPI increase exceeded expectations, with overall PPI rising 0.7% month-on-month, higher than the expected 0.3%; year-on-year growth accelerated to 3.4% (expected 2.9%). Core PPI also showed a similar trend, rising 0.5% month-on-month (expected 0.3%), with a year-on-year increase of 3.9%, far exceeding expectations. This indicates that potential price pressures have not eased as quickly as anticipated. Stronger-than-expected inflation data boosted the dollar, as the market reassessed the timing and magnitude of potential rate cuts by the Federal Reserve, leading to a slight rise in U.S. Treasury yields, while the stock market dipped slightly, reflecting concerns that persistent inflation may result in tighter policies lasting longer. (Jinshi) (Source: ME)
