--- title: "U.S. inflation remains resilient! January PPI unexpectedly surged, potentially hindering the Federal Reserve's momentum for future rate cuts" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/277212192.md" description: "In January, the Producer Price Index (PPI) in the United States rose by 0.5%, the largest increase since September of last year, exceeding expectations and indicating that inflationary pressures remain. The core index, excluding food and energy, saw its largest increase since July of last year. Despite tariffs putting upward pressure on prices, companies did not significantly raise prices. Following the data release, stock futures fell, and U.S. Treasury yields narrowed. The Federal Reserve may face resistance in cutting interest rates due to the slow progress in bringing inflation down to the 2% target" datetime: "2026-02-27T14:16:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277212192.md) - [en](https://longbridge.com/en/news/277212192.md) - [zh-HK](https://longbridge.com/zh-HK/news/277212192.md) --- > 支持的语言: [English](https://longbridge.com/en/news/277212192.md) | [繁體中文](https://longbridge.com/zh-HK/news/277212192.md) # U.S. inflation remains resilient! January PPI unexpectedly surged, potentially hindering the Federal Reserve's momentum for future rate cuts Zhitong Finance APP learned that the producer prices in the U.S. rose more than expected in January, primarily driven by the service sector, indicating that inflationary pressures persist. The Labor Department reported on Friday that the Producer Price Index (PPI) increased by 0.5%, the largest increase since September of last year. The increase in December of last year was revised to 0.4%. The core measure, excluding food and energy, saw its largest increase since July of last year. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260227/1772201001220646.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260227/1772201225459580.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260227/1772201030277491.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260227/1772201057778920.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The firm readings of wholesale prices over several months further demonstrate that progress in curbing inflation is slow. Higher tariffs on imported materials have prompted many manufacturers to raise prices or seek other cost-saving measures to protect profit margins. Excluding food and energy, the increase in commodity prices in January was one of the largest since early 2022. Following the data release, stock futures fell further, while U.S. Treasury yields narrowed their declines. Economists and investors closely monitor PPI data, as several of its components are included in the Federal Reserve's preferred inflation measure—the Personal Consumption Expenditures (PCE) price index. Among the components used to compile the PCE price index, management fees for investment portfolios, airfare prices, and doctor care service fees all saw significant increases. The U.S. Bureau of Economic Analysis is scheduled to release January PCE price data, along with income and spending data, on March 13. Although tariffs have exerted some upward pressure on consumer prices, businesses overall have not raised prices as significantly as economists had previously feared. Data released earlier this month showed that a key inflation indicator was relatively mild in January, alleviating market concerns about larger increases. Due to slow progress in bringing inflation down to the Federal Reserve's 2% target, coupled with recent signs of stability in the labor market, central bank officials are not in a hurry to lower interest rates again after three consecutive cuts at the end of last year ### 相关股票 - [SPDR S&P 500 (SPY.US)](https://longbridge.com/zh-CN/quote/SPY.US.md) - [iShares Dow Jones US (IYY.US)](https://longbridge.com/zh-CN/quote/IYY.US.md) - [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/zh-CN/quote/.DJI.US.md) - [iShares Core S&P US Growth (IUSG.US)](https://longbridge.com/zh-CN/quote/IUSG.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/zh-CN/quote/.SPX.US.md) - [SPDR Djia (DIA.US)](https://longbridge.com/zh-CN/quote/DIA.US.md) - [iShares Core S&P 500 (IVV.US)](https://longbridge.com/zh-CN/quote/IVV.US.md) - [VG S&P 500 (VOO.US)](https://longbridge.com/zh-CN/quote/VOO.US.md) ## 相关资讯与研究 - [What are iShares Core S&P 500 ETFs?](https://longbridge.com/zh-CN/news/279499494.md) - [U.S. commercial paper market shrinks in week-Fed](https://longbridge.com/zh-CN/news/279827159.md) - [US February industrial production vs +0.2% expected](https://longbridge.com/zh-CN/news/279273472.md) - [The Best S&P 500 ETF to Invest $500 in Right Now](https://longbridge.com/zh-CN/news/279408324.md) - [Daily ETF Flows: IVV On Top](https://longbridge.com/zh-CN/news/279845282.md)