USA: PPI data is another confirmation that inflation remains on the right track| FXMAG.COM

Retail Sales without a doubt increased the estimates that GDP is likely to be weaker

Last week the US Retail Sales and PPI prints were released. We asked Nour Hammoury from SquaredFinancial from what could they mean for Fed before the rate decision?

Nour Hammoury (SquaredFinancial): PPI data is another confirmation that inflation remains on the right track. Despite all the fears last month that inflation might have started a new wave to the upside, PPI confirmed the opposite as it declined to the lowest level since 2021. At the same time, Retail Sales without a doubt increased the estimates that GDP is likely to be weaker, leading major institutions to cut the US GDP estimates.

Retail Sales without a doubt increased the estimates that GDP is likely to be weaker

Nour Hammoury (SquaredFinancial): This is also another confirmation that growth for Q1 is nowhere near 2%, which is another factor why the Fed might need to pause in the coming meetings.

Nour Hammoury

Nour is an investor, independent market strategist and financial advisor. He has more than 15 years of experience focused on forex, stocks and global economic developments, as well as central bank policies and intermarket analysis. He appears regularly on major international TV networks, such as BBC, Al-Jazeera, Al Hurra, CNBC, and Bloomberg, holding open discussions and sharing insights and readings of the markets and trends.

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Retail Sales without a doubt increased the estimates that GDP is likely to be weaker

Nour Hammoury

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