Inflation affecting American producers shows mixed readings in March, with the headline figure falling short of estimates Thursday while the underlying gauge exceeded them, maintaining market uncertainties about potential delays in interest rate cuts. The Producer Price Index (PPI) experienced a year-on-year increase of 2.1% last month, reaching its highest level in nearly a year. This followed the release of unexpectedly robust consumer inflation data on Wednesday, sending significant shockwaves across markets. March PPI Report: Key Highlights The headline PPI surged by 2.1% in March 2024 compared to the previous year, surpassing the previous annual rate of 1.6% and missing expectations of 2.2%. The month-on-month increase in the headline PPI was 0.2% in March, marking a deceleration from the ...