JUST IN – U.S. Inflation & Labor Data Mixed
• Core PPI (MoM): +0.1% vs. +0.3% est. — softer than expected
• Headline PPI (MoM): +0.1% vs. +0.2% est. — slight miss
• Core PPI (YoY): +3.0% vs. +3.1% est.
• Jobless Claims: 248K vs. 242K est. — higher than expected
Takeaway:
Inflation cooled slightly, labor market softened.
Rate cut odds just got a small push.