BREAKING!!! 🚨🚨🚨
APRIL PPI FALLS TO 2.4% (BELOW 2.5% EST).
CORE PPI AT 3.1% — IN LINE.
BUT MARCH REVISED UP: PPI FROM 3.3% → 4.0%, CORE FROM 3.3% → 3.4%.
RATE CUTS PLEASE!!!
APRIL PPI FALLS TO 2.4% (BELOW 2.5% EST).
CORE PPI AT 3.1% — IN LINE.
BUT MARCH REVISED UP: PPI FROM 3.3% → 4.0%, CORE FROM 3.3% → 3.4%.
RATE CUTS PLEASE!!!