Wondering if someone could clarify to me PPI....for tomorrow Core PPI is supposed to be .1 percent, it was at this level last time. PPI is supposed to be -1.9 percent whereas last time it was -2.2 percent. Would this mean if we beat or meet the same level or if we go below the estimates? Also is there a way to guage if we will be over, under or at the estimates such as reading the dollar index or gold prices/other metal prices etc??? Thank you, just trying to get a better understanding on how to read other indicators that might help gauge what level we might be at tomorrow.
I can't clarify the exact impact of the PPI, but I can give you this "insight" - not that it is a great insight, but, it is insight above what the common masses are fed by the main stream media. When the numbers come out - go to the actual gov't site and read the bigger/whole report. Usually, they are feeding us this crap about "seasonally adjusted" or some other "adjusted" factor. Bullsh!t - look at the actual numbers and you will get a better picture of what is going on. You can sign up to get a lot of these reports emailed to you - check the bea.gov web site to do so. I hope this link works, but here is a more direct link -> https://service.govdelivery.com/service/multi_subscribe.html?code=USBEA -gastropod