$NVIDIA (NVDA.US)$ PPI data comes in higher than expected [...

$NVIDIA (NVDA.US)$ PPI data comes in higher than expected

Consumer price index data, released on Wednesday, came in largely in line with expectations, quelling some concerns that it would overshoot estimates.

But producer prices rose more than expected in November, rising 0.4% last month after an upwardly revised 0.3% increase in October, ahead of the expected 0.2% gain.

In the 12 months through November, the PPI shot up 3.0% after increasing 2.6% in October.

While the PPI numbers were higher than expected, the markets still expect the Fed to cut interest rates by 25 basis points when it meets next week.