Wells Fargo Advisors SVP Mark Smith and Osaic chief market strategist Phil Blancato analyze December inflation data and discuss how investors should play the bond market on ‘Making Money.’
Inflation at the wholesale level moderated more than expected in December, providing evidence that prices pressures within the U.S. economy are continuing to gradually fade.
The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, fell 0.1% in December from the previous month. On an annual basis, prices remain up 1% – up slightly from the 0.8% recorded in November.
Those figures are both lower than the 0.1% monthly gain and 1.3% annual figure predicted by Refinitiv economists.
This is a developing story. Please check back for updates.
