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…
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