Morning Note | February 16, 2023 | Comments on NID/NIQ and Neuberger Berman Muni Cuts

Good Morning!

Markets are down today following a deluge of data and some Fedspeakers hawking.  January's producer price index, another inflation measure from the wholesale level, came in hotter than expected rising +0.7% on the month.  The consensus was looking for an increase of just +0.4%.  We also had initial jobless claims come in lower than expected…