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BREAKING: US PPI much higher than expected! US100 defends 15,300 level 📊

1:31 PM 11 October 2023

US PPI reading y/y came in 2,2% vs 1,6% exp and 1,6% previously. 

  • PPI m/m: 0,5% vs 0,3% exp. and 0,7% previously

US Core PPI reading y/y came in 2,7% vs 2,3% exp. and 2,2% previously

  • Core PPI m/m: 0,3% vs 0,2% exp. and 0,2% previously

Bulls are trying to stop the sell-off reaction on US100. Higher PPI may herald higher tomorrow CPI reading which leave Fed interest rate decision in November more uncertain.

Source: xStation5

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