Stephen Brown
Coverage of Stephen Brown in the Nexus archive.
- US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
US producer prices rose 6.5% year-over-year in May 2025, driven by a 23% monthly surge in wholesale gasoline prices linked to the Iran war. Core wholesale prices increased 0.4% monthly and 4.9% annually, with inflation outpacing the Federal Reserve’s 2% target. Energy disruptions from the Strait of Hormuz shutdown threaten to extend supply issues into the third quarter.
- US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
US producer prices rose 6.5% annually in May 2025, driven by energy price surges linked to the Iran war, marking the largest yearly jump since 2022. Core wholesale prices increased 4.9% year-over-year, with inflation outpacing the Federal Reserve's 2% target and potentially prompting interest rate hikes later in the year.
- Markets fall, as good jobs data indicate no interest rate cuts
U.S. stocks declined as strong jobs data reduced expectations of interest rate cuts, with the Nasdaq, Dow Jones, and S&P 500 all posting weekly losses. The May employment report showed 172,000 jobs added, surpassing forecasts, while inflation concerns and economic indicators like the ISM reports and Beige Book highlighted ongoing challenges.