The Producer Price Index or PPI report today seems to be in line with expectations. Dan Deming notes that this could be positive for the markets. Also, the jobs number could be positive for the Federal Reserve. Deming notes that the Jobless Claims number should be over 300K for the employment data to roll over. The interest rate environment is interesting as well, as yields are coming back down.
11 May 2023
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08 Jun 2023
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30 Mar 2023