Maybe There’s A God After All: US PPI Cools After CPI Scorcher

Mercifully for a US rates complex struggling to price a wholesale rethink of the likely path for Fed policy in 2024, wholesale price growth was generally benign in March, according to data released on Thursday. On the heels of another annoyingly warm CPI report, the BLS said PPI prices rose 0.2% last month from February. That was cooler than the 0.3% consensus expected. Maybe there's a God after all. (I'm just joking. No there isn't.) The PPI release constituted good news, even if it didn't ha