All the PPI numbers came out better than expected: no change in PPI m/m, a fall of only -0.8% y/y, a rise of 0.3% in core PPI m/m and a rise of 0.9% in Core PPI y/y.
While the numbers are not hugely above expectations, the small pickup could serve as a positive sign for the Fed when it comes to make its decision. Needless to say, there are endless data points and data is not the only factor.
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