{"id":232051,"date":"2024-06-13T22:24:38","date_gmt":"2024-06-13T22:24:38","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/13\/news-impact-illustrated-jobs-cpi-ppi-releases\/"},"modified":"2025-06-25T17:17:11","modified_gmt":"2025-06-25T17:17:11","slug":"news-impact-illustrated-jobs-cpi-ppi-releases","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/13\/news-impact-illustrated-jobs-cpi-ppi-releases\/","title":{"rendered":"News Impact Illustrated: Jobs, CPI, PPI Releases"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-52563\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Following up on the PPI release (discussed along with other core measures) discussed\u00a0<a href=\"https:\/\/econbrowser.com\/archives\/2024\/06\/all-downward-instantaneous-core-inflation-measures-for-may\">here<\/a>, how have markets responded, in terms of Fed funds futures, the ten year rate?<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52564\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24.png\" alt=\"\" width=\"864\" height=\"604\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24.png 864w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24-300x210.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24-768x537.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/ffpix_cme13jun24-624x436.png 624w\" sizes=\"(max-width: 864px) 100vw, 864px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME<\/a> accessed 6\/12, 6\/13\/2024, 1:30pm CT.<\/em><\/p>\n<p>The trajectory of Fed funds implied by futures is further depressed.<\/p>\n<p>The ten year yield also dropped. In perspective:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-52566\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24.png\" alt=\"\" width=\"1200\" height=\"832\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24-300x208.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24-1024x710.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24-768x532.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/usgg10yr_ind_13jun24-624x433.png 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/tradingeconomics.com\/united-states\/government-bond-yield\">TradingEconomics<\/a>, accessed 6\/13\/2024, edited by author.<\/em><\/p>\n<p>We have consistent reactions \u2014 except for the PPI release \u2014 in the nominal value of the US dollar, as shown in the below figure (over the same period):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-52567\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24.png\" alt=\"\" width=\"1200\" height=\"832\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24-300x208.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24-1024x710.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24-768x532.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/dxy_cur_13jun24-624x433.png 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/tradingeconomics.com\/united-states\/currency\">TradingEconomics<\/a>, accessed 6\/13\/2024, edited by author.<\/em><\/p>\n<p>Of course, the dollar\u2019s value against a basket of foreign currencies is affected by events and expectations revisions abroad, as well as at home.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/06\/news-impact-illustrated-jobs-cpi-ppi-releases\" title=\"11:52 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-06-13T11:52:12-07:00\">June 13, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/06\/news-impact-illustrated-jobs-cpi-ppi-releases\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Following up on the PPI release (discussed along with other core measures) discussed\u00a0here, how have markets responded, in terms of Fed funds futures, the<\/p>\n","protected":false},"author":1,"featured_media":232052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/232051"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=232051"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/232051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/232052"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=232051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=232051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=232051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}