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US stocks gyrate on hot PPI report and anchored inflation expectations; Oil rallies and gold softens
US stocks are mostly gyrating over economic data points and surveys that remind us that the disinflation process is going to struggle reaching the Fed’s 2% target. A slightly hotter-than-expected PPI report sent Treasury yields initially higher as Wall Street started to fret over a potential reacceleration with inflation. It is easy to make the […]...
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Content Topics
Stocks
Gyrate
Report
Anchored
Inflation
Expectations
Expectations
Rallies
Softens
Forex
Posted: Aug 11 2023, 17:11
Author Name: marketpulse
Views: 022287