Inflation Shows Further Signs of Cooling
๐ June PPI: 5.5% vs. 6.2% expected
๐ Core PPI: 4.7% vs. 5.2% expected
Both Producer Price Index readings came in below expectations, signaling easing inflation pressures. While the data may not be strong enough to prompt an immediate rate cut, it also reduces the likelihood of any additional interest rate hikes.
@TigerEvents @Daily_Discussion @TigerWire @TigerCommunity @Tiger_Newspress @TigerStars @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
