BREAKING: March Producer Price Index (PPI) inflation drops to 2.7%, coming in below the expected 3.3%.

Core PPI also declines to 3.3%, underperforming forecasts of 3.6%.

This marks the first month-over-month decline in PPI inflation (-0.4%) since March 2024.

Both CPI and PPI inflation have posted significant declines. #MarketRebound