Lower, for longer, the PPI would imply. The headline figure fell 0.6% versus expectations for unchanged.Core PPI fell 0.1% month-over-month as well.
Year over year, producer prices fell 4.8% while the core rose 1.8%, just below the roughly 2% that the Fed looks for.
Housing starts were a shade weaker than expected, up 0.5% . Nothing here to knock the Fed from the status-quo.
The USD is weaker in ranges, at 1.4980.