Daily Note | June 13, 2024 | Cooler Inflation Could Mean Rates Are Heading Lower

Markets are up today following another favorable inflation report. Yesterday was CPI which came in a bit lower than expected and today we have PPI (wholesale inflation) which also came in under.

May PPI was unchanged, at 2.2%, below the expectation of 2.5%. Core PPI fell to 2.3%, below 2.4% expected. This ends the first 3 consecutive monthly increases in…