Inflation
The post-election rally took a little break on Wednesday as major US stocks were mixed for the day
The consumer price index (CPI) rose 2.6% YoY. Thought it is in line with estimates, the data shows that inflation is stubborn.
Meanwhile, the October producer price index (PPI) rose 0.2%, showing an uptick from the 12-month rate in September
Both inflation data are now on the rise..
Fed still has work to do.
The consumer price index (CPI) rose 2.6% YoY. Thought it is in line with estimates, the data shows that inflation is stubborn.
Meanwhile, the October producer price index (PPI) rose 0.2%, showing an uptick from the 12-month rate in September
Both inflation data are now on the rise..
Fed still has work to do.
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