Reported about 8 hours ago
The latest Producer Price Index (PPI) report indicated steady month-over-month data, but year-over-year inflation saw larger than expected increases. Economist Stephanie Roth discussed this on Yahoo Finance, noting that while some components may suggest strong inflation, the Federal Reserve could still be positioned to cut rates in their next meeting, although the outcome remains uncertain and potentially higher than market expectations. Roth emphasizes the importance of the core PCE index, which the Fed closely monitors.
Source: YAHOO