Shay Boloor: U.S. producer price inflation rises above estimates in September

Shay Boloor: U.S. producer price inflation rises above estimates in September
U.S. PPI inflation beats expectations

U.S. producer price inflation (PPI) for September came in higher than anticipated, with overall PPI increasing 6.3% year-over-year versus an estimated 5.3%, and 1.3% month-over-month compared to the expected 0.5%.

Shay Boloor reported the figures also showed core PPI up 5.0% year-over-year against a 4.4% estimate, and 0.7% month-over-month versus an expected 0.3%.

Earlier this year, Shay Boloor highlighted ServiceNow's launch of Flow, an AI-driven service desk for Slack and Teams. In separate coverage, Deutsche Bank upgraded ASTS to Buy with a $93 price target, citing recent valuation and Ligado spectrum rights. Both reports offered insight into key corporate developments outside the inflation data.

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