PPI June smaller-than-expected increase/ Latest sign inflation is calming
Another reason FED may consider delaying interest rate hike or even pause.
Quote:
The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and trade services, which was in line with expectations... bolstering hopes for investors that the Federal Reserve is near the end of its rate-hiking cycle.
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and trade services, which was in line with expectations... bolstering hopes for investors that the Federal Reserve is near the end of its rate-hiking cycle.
Source:
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : This may disappoint those who are short selling or selling call options. They are hoping the stock market to experience 'big fall' or 'crash'.
Teera Thomas : I do call options I’m a bull
this is good news for me 