PPI Moves Lower, Along with Big Banks on Q4 Earnings

For all the hemming and hawing we have been doing in this column through the first half of this week, with little to no data to help reflect purpose behind moves in the stock market, we’re making up for that now. Following yesterday’s CPI report for December, this morning we get the Producer Price Index (PPI) for last month. Results at a glance appear to offer something of a re-balance toward interest rate levels having a profound effect on economic metrics.Headline PPI came in at -0.1%, a mirror image from ...