PPI drops in 2 hours 20 min

Producer Price Index — basically tells us if inflation's cooling off or still running hot at the wholesale level. This one moves markets hard because it feeds into Fed decision-making.

If it comes in hotter than expected → dollar pumps, risk assets dump
If it's cooler → we might see some relief rallies

Watch the core number (ex food/energy) — that's what the Fed actually cares about. Last month surprised to the upside and we saw immediate volatility.

Set your alerts. This isn't background noise.