The article I read said that the PPI came in at expectations (0.7%), which was lower than last month (1.0%).
“”It looks like inflation is very tamed,” said Kim Caughey, equity research analyst at Fort Pitt Capital Group, adding that the PPI bodes well for next week’s consumer price index and makes a rate increase appear less likely.”
I was pretty surprised to see the market gain back almost all of Thursday’s losses. I guess it was the combination of the mild inflation numbers and a bounce back effect.
It looks like inflation may be slowing as the economy slows. If it does, there could be a rate cut, which the market always loves, a little too much.
