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US PPI Confirm Disinflationary Trends
US producer prices fell stronger than expected, potentially reinforcing the dovish argument at the Fed. For May, PPI declined by 0.3% m/m, more than the expected 0.1%, and the index gained a modest 1.1% y/y after 2.3% a month earlier. In contrast to the core CPI, the PPI shows a return to desired inflation numbers, […] The post US PPI Confirm Disinflationary Trends appeared first on Action Forex...
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Posted: Jun 14 2023, 16:56
Author Name: actionforex
Views: 081288