๐บ๐ธ Latest: U.S. Producer Price Index (PPI) registers 2.6% โ below expectations!
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๐ Data:
โ Overall PPI rose to 2.6% (below expected)
โ Core PPI registered 3.0% versus expectations of 3.1%
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๐ What these numbers mean:
โ Slight slowdown in inflation pace at the production level
โ May strengthen the Fed's position towards a less aggressive monetary policy
โ Markets may interpret this as a positive signal for a potential rate cut
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๐ก Why it matters to traders?
PPI data is used as an early indicator to measure inflationary pressures before they appear at the consumer level (CPI), making it an important tool for economic forecasts.
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โDo you think this data is enough to change the Fed's direction?
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