U.S. producer prices fell more than economists had expected last month in a sign the Federal Reserve's aggressive response to high inflation is starting to take hold.
The SPDR S&P 500 (NYSE: SPY) is volatile Tuesday morning after the Labor Department reported a 6% year-over-year increase in the consumer price index (CPI) for February.
The Federal Reserve will have to weigh cross currents when it considers the magnitude of its next rate hike, and an all important indicator is due this week.