US PPI Shocker Hits 6% in April 2026, Crushing Fed Rate Cut Hopes
The post US PPI Shocker Hits 6% in April 2026, Crushing Fed Rate Cut Hopes appeared on BitcoinEthereumNews.com. US Producer Price Index (PPI) Final Demand jumped 6% in April 2026, the highest reading since January 2023. The print came in well above the 4.9% consensus forecast. The monthly gain hit 1.4%, nearly triple the 0.5% consensus, while core PPI rose 1% on the month. Both headline and core figures now sit at three-year highs. Services Drove the April Surge Final demand services climbed 1.2%, the largest monthly advance since March 2022. The gain accounted for roughly 60% of the headline move, according to the BLS release. PPI 6% YoY, Est. 4.9%PPI 1.4% MoM, Est. 0.5% PPI Core 5.2% YoY, Est. 4.3%PPI Core 1% MoM, Est. 0.3% — Wall St Engine (@wallstengine) May 13, 2026 Trade services margins rose 2.7%, while transportation and warehousing prices jumped 5%. Final demand goods advanced 2%, with energy up 7.8% and gasoline prices climbing 15.6%. The narrowest core measure excludes food,