PPI CORE DATA Released

PPI inflation rises to 2.7%, above expectations of 2.6%.

Core PPI inflation fell to 2.6%, below expectations of 2.7%.

THE PROBABILITY OF A RATE CUT AT THE NEXT FOMC MEETING HAS SURGED TO 87%, WITH THE LATEST PPI DATA PROVIDING THE FINAL CONFIRMATION THAT A CUT IS COMING.

BULLISH FOR THE MARKETS.