• Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more “mixed” than “hot” given that prior data was revised lower even as the figures for April came in higher than expected.
• “I wouldn’t call it hot, I’d call it mixed,” Powell said at an event in Amsterdam after the Labor Department released the Producer Price Index for April.

https://www.reuters.com/markets/us/feds-powell-ppi-mixed-next-move-unlikely-be-rate-hike-2024-05-14/