Reported about 14 hours ago
In December, the Producer Price Index (PPI) increased by 3.3% year-over-year, falling short of the anticipated 3.5%, and monthly changes showed a modest rise of 0.2%. This has led to a positive reaction among US stock futures as Wall Street analysts adjust their inflation forecasts and the timeline for potential Federal Reserve interest rate cuts.Upcoming consumer inflation data is expected in the coming weeks.
Source: YAHOO