PPI – One America News Network

NEW YORK, NEW YORK - DECEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City. U.S. stocks fell on Wednesday after the Federal Reserve raised interest rates for the fourth time in 2018. (Photo by Spencer Platt/Getty Images)

Inflation and Interest Rate Concerns Heighten as PPI and CPI Experience Increases

The Producer Price Index, which tracks wholesale-level inflation, edged up to 2.1%, marking the biggest jump since April 2023.

The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", outside the Nasdaq Market site in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/FILE PHOTO

S&P, Nasdaq rise as fresh inflation data allays rate fears

A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.

CHICAGO, ILLINOIS - MARCH 12: Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Gas prices climbed 3.8% percent in February after falling 3.3% the previous month. The Consumer Prices Index showed prices overall rose .04% for the same month which was more than analysts had expected and the largest increase since September. (Photo by Scott Olson/Getty Images)

Wholesale Inflation Soars in February: Wealth Advisor Weighs In

Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.