The inflation news due out on Friday with the producer price index and next Tuesday with the consumer price index will probably be unfriendly,
More Quotes from Anthony Crescenzi:
The PPI just feeds the deflation talk that's run rampant in the past month or so, ... It's upsetting for someone who believes deflation is on the way. Even though there are qualifiers for the April data, that headline is dramatic enough to convince them.Anthony Crescenzi
The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.
Anthony Crescenzi
There are inflation figures due out Thursday and Friday. The CPI and the PPI both are expected at 0.5 percent (increase), which is a very large gain, but both of those gains are expected to be driven by higher oil prices.
Anthony Crescenzi
The rumor that China will devalue carries little basis in truth (for now). It seems to be largely a by-product of the devaluation of the Brazilian real.
Anthony Crescenzi
What you're left with is a figure consistent with the inflation rate slowly moving upward,
Anthony Crescenzi
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