PPI came in flat at 0.0% vs 0.2% expected — cooler than forecast.
This supports the soft-landing narrative and keeps Fed pivot hopes alive. Lower input costs = margin relief for companies, less inflation pressure, and more room for equities to run.
If core services stay soft and jobless claims don't spike, $SPY could grind higher into next FOMC. Watch for rotation into growth/tech if bond yields dip further.
This supports the soft-landing narrative and keeps Fed pivot hopes alive. Lower input costs = margin relief for companies, less inflation pressure, and more room for equities to run.
If core services stay soft and jobless claims don't spike, $SPY could grind higher into next FOMC. Watch for rotation into growth/tech if bond yields dip further.