US PPI data exceeded expectations, and the Fed faces challenges in fighting inflation

According to Jinshi, the PPI data released by the United States on March 14 exceeded expectations, showing that the Federal Reserve faces challenges in fighting inflation. Earlier, the US CPI data showed that the overall inflation rate exceeded expectations for the second consecutive month, confirming the market's expectation that the Federal Reserve will not rush to cut interest rates. Several categories in the PPI report are also used to measure the PCE data that the Federal Reserve is concerned about, which will be released later this month. The report showed that the cost of services rose by 0.3%, portfolio management fees rose by 0.2%, hospital outpatient expenses increased by 0.5%, and commodity prices paid to producers rose by 1.2%, the first increase in five months.