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.

Source:

June wholesale prices rise less than expected in another encouraging inflation report - CNBC

$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

31K Views

Comment

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'.

Report
Reply

Cancel Reply
Teera Thomas : I do call options I’m a bull this is good news for me

Report
Reply

Cancel Reply

ZnWC

Moo Contributor

I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.

3617

Followers

107

Following

13K

Visitors