PPI also lower than expected. #Powell should happy. Pause very much expected in today meeting and may end of rate hike too.
PPI 1.1% realised, while 1.5% expected.
A drop from 2.3% to 1.1% and the LOWEST number since February 2021.
Core also dropping towards 2.8% from 3.2% and MoM PPI dropping at 0.3%.