PPI
Producer price index, a measure of inflation at wholesale level, increased 0.2%. This is less than the 0.3% estimate, which kind of provides some level of relief for the market.
That said, this new set data is still showing that inflation is very sticky. The final mile towards Fed’s 2% is going to be a tough one
That said, this new set data is still showing that inflation is very sticky. The final mile towards Fed’s 2% is going to be a tough one
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