🔥LAST🔥
🤯The PPI INFLATION fell BELOW expectations just like the CPI INFLATION
💥It was the largest drop in the PPI since COVID-19 in March 2020
👉After a lower-than-expected consumer inflation yesterday, it was anticipated that producer prices would rise but...
🔹The annual PPI fell from 3.2 to 2.7% while it was expected to RISE to 3.3%. A BIG DROP
🔹The MONTHLY PPI, which is used to measure more in real-time, went from 0.1% to -0.4% while an INCREASE to 0.2% was expected
🔹If we ADD to this a CPI that went from 2.8% to 2.4% while 2.5% was expected, it is clear that the FED could start CUTTING the interest rate
🔹Especially considering the BASIS TRADE ISSUE
📍In fact, the market now expects 4 rate cuts for this year (June, July, September, and October), but the probability of one more in DECEMBER increased significantly (to 32%)
