PPI is an early indicator of price inflation. High producer prices are usually passed on to the consumers, and can also affect consumer spending and confidence.
Why Traders Care of ( Initial job claims )
The number of initial jobless claims is an important indicator of the state of the US labor market. If the number of initial jobless claims is high, it suggests that layoffs are occurring at a higher rate, which can be a sign of a weakening labor market and a slowing economy. Conversely, if the number of initial jobless claims is low, it suggests that companies are not laying off workers at a high rate, which can be a sign of a strong labor market and a growing economy.
