Don't View PPI as a Sign the Economy Is Bad, Rupkey Says
March 13 -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the February producer price index released today by the Labor Department, Federal Reserve policy and the U.S. jobs market. The 0.5 percent decrease in the PPI followed a 0.8 percent drop the prior month. The median estimate in a Bloomberg survey of 73 economists called for a gain of 0.3 percent.
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Australia Wage Price Index Rose 0.5%
38:03 - National Australia Bank Director, Economics, David de Garis, discusses the Australian labor market, consumer confidence and the wage price index. He speaks on "Bloomberg Markets." (Source: Bloomberg)