🔥 UPDATE PPI producer price index

Producer price index PPI (Producer Price Index in English) is one of the important economic indicators, evaluating price fluctuations in the manufacturing sector. In other words, this index is used to measure changes in the costs that businesses have to pay for goods and services in the business process such as raw material costs, labor costs, and overhead costs. transport.

👉 PPI was 0.5% higher than the estimate of 0.3%

👉 Core PPI was 0.5% higher than expectations of 0.2%

After the release of PPI data exceeded expectations, the market reduced bets on the FED reducing interest rates in September. The market reacted slightly to the news. Don't forget that tonight at 12:00 UTC, the FED chairman will have a speech

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Lower interest rates ~ The market may be bullish

Increasing interest rates ~ Market may be bearish