Key Data Producer Price Index (PPI) Inflation:
-
PPI Inflation (m/m): -0.6% (previously 0.5%)
-
PPI Inflation (y/y): 0.2% (previously 1.6%)
Key Data Consumer Price Index (CPI) Inflation:
- CPI Inflation (m/m): -0.2% (forecast -0.1%; previously 0.1%)
- CPI Inflation (y/y): 1.6% (forecast 1.7%; previously 1.6%)
Daily Summary: Wall Street Rotation – Dow Jones gains while AI sector counts losses
BREAKING: Oil inventory report still shows a decline. WTI crude oil at its lowest since the end of February
Fed Warsh tones down the hawkish sentiment and gives hope gold bulls🟡
US Open: Market under pressure from US data and lack of guidance from Warsh