Looks like the majority got th

Pinkspider

11-13 21:57

Looks like the majority got that wrong. Although I think we could reverse some.

$SPY

US PRODUCER INFLATION COOLS SLIGHTLY BUT REMAINS ELEVATED AT 6.5%

US producer prices rose 0.3% in October, below the 0.4% forecast, while annual PPI reached 6.5%, versus 6.6% expected.

🔸 Headline PPI MoM: +0.3% vs. +0.4% expected

🔸 Headline PPI YoY: +6.5% vs. +6.6% expected

🔸 Core PPI MoM: +0.3%, in line

🔸 Core PPI YoY: +5.0%, in line

🔸 PPI excluding food, energy and trade MoM: +0.5%

The modest headline miss offers some relief, but persistent underlying price pressures reinforce concerns about inflation.

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