Nick Timiraos: Powell sees mixed results for PPI in April

Odaily News Nick Timiraos, a Wall Street Journal reporter known as the "Fed mouthpiece," said on the X platform that Powell commented on the April producer price index (PPI): "I wouldn't call it overheated, I would call it mixed." (PPI's main reading on PCE may be offset by lower airfares and health care costs, which may offset the hotter financial services sub-item.)