More than expected drop in producer prices in the United States. Oxygen for the Federal Reserve which will be able to continue with expansionary monetary policies more sheltered from the inflationary risk.
Producer prices in the United States fell by 0,3% in October. The core component excluding volatile food and energy prices remained unchanged.
Forecasts were for a decrease of 0,1% with a similar increase in the core component. The figure has significant political and economic implications. It allows the Fed to provide maximum monetary stimulus while limiting the inflationary effects of such policies.
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