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How will the S&P 500 react to the January 2025 CPI report?
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Resolution / Starting Odds
S&P 500 up by more than 1% • 25%
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S&P 500 down by more than 1% • 25%
Major US stock indices performance on the day of CPI release
Story
US December PPI Up 0.2%, Core PPI Unchanged, Both Below Expectations
Jan 14, 2025, 01:31 PM
US Producer Price Index (PPI) data for December showed inflation rising less than expected, indicating easing inflationary pressures in the economy. The PPI increased by 0.2% month-over-month, below the forecasted 0.4%, and core PPI remained unchanged, missing the expected 0.3% increase and marking the lowest monthly gain since July. On a year-over-year basis, PPI rose 3.3%, compared to the forecasted 3.5%, while core PPI increased 3.5%, below the expected 3.8%. The lower-than-expected PPI figures reflect slower wholesale price increases, with goods prices up 0.6% and services prices unchanged. Notably, energy prices climbed 3.5%, driven by a 9.7% surge in gasoline prices. Following the release, equity futures rallied, and Treasury yields dipped as markets reacted positively to the possibility of moderated inflation. The data precedes the Consumer Price Index report due tomorrow, which will further inform expectations about inflation and Federal Reserve policy.
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