CPI inflation rate slides to 3% in June: Will it ease Fed's fears?
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ZnWC
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joined discussion · Jul 14, 2023 01:03
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.
ZnWC
OP
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This may disappoint those who are short selling or selling call options. They are hoping the stock market to experience 'big fall' or 'crash'.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
ZnWC OP : 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 