The Producer Price Index (PPI) of the U.S. in April rose by 2.4% year-on-year, marking the third consecutive month of decline and the lowest level since September last year. Compared to last month, the PPI decreased by 0.5% — the lowest level since April 2020, and significantly lower than the market forecast of +0.2%. This data indicates that inflationary pressures in the U.S. are continuing to ease, which may affect expectations for interest rate adjustments by the Federal Reserve...