Initial jobless claims and PPI coming up next

June 12, 2025
-FXnews

The US dollar is in freefall against the euro today and Treasury yields are sliding further. I suspect a big part of that is angst about a war in the Middle East but it’s a mixed bag.

The focus will shift back to the US economy at the bottom of the hour with the weekly jobless claims report and the producer price index. Claims rose to 247K last week, which was the highest since October. A further rise would emphasize a slowing economy and add to the case for Fed rate cuts. Year-end pricing is now at 52 bps, up from 42 before this week’s CPI report.

On the subject of inflation, we get May PPI at the same time. The consensus is +2.6% y/y and +3.1% y/y ex-food and energy

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