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Aylaah
Aylaah
US PPI CAME IN SOFTER, BUT RATE-HIKE EXPECTATIONS ROSE US October producer inflation increased 0.3% month over month and 6.5% annually, both slightly below forecasts. Yet the reaction was far from straightforward. Markets reportedly increased the probability of a 25-basis-point December rate hike despite the softer PPI reading. This shows the Fed’s inflation challenge is not just about one report. Stronger payrolls and core CPI are still keeping policymakers cautious. #USPPIBelowForecasts

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