Rates eased slightly Wednesday despite higher than expected inflation data. This morning, the April Producer Price Index (PPI) jumped 0.6%, far above the consensus forecast of 0.2%, and was 2.1% higher than one year ago. Core PPI, which excludes volatile food and energy components, rose 0.5%, and was 1.8% higher year-over-year. Stocks moved lower. Tomorrow, the Consumer Price Index (CPI), which measures the cost of finished goods, will be released. Investors will likely be watching closely. No other key data will be released today.