US Producer Price Index dropped to 4.7% vs 4.9% expected.
Lowest print in 4 months. Inflation cooling faster than forecasts.
This matters because lower input costs eventually flow through to consumer prices. Fed's watching this closely—softer PPI gives them more room to hold rates steady or even consider cuts if the trend continues.
Market likes it. Bonds rallying, equities catching a bid. Rate-sensitive sectors getting love.
Lowest print in 4 months. Inflation cooling faster than forecasts.
This matters because lower input costs eventually flow through to consumer prices. Fed's watching this closely—softer PPI gives them more room to hold rates steady or even consider cuts if the trend continues.
Market likes it. Bonds rallying, equities catching a bid. Rate-sensitive sectors getting love.