Stock Market Update Tuesday August 13, 2024
Stock Market Update Tuesday August 13, 2024 This morning’s Producer Price Index (PPI) came in below expectations, registering a 0.1% month-over-month increase, compared to the anticipated 0.2%. This softer-than-expected data has exerted downward pressure on interest rates and the U.S. Dollar Index (DXY), fueling optimism in the market ahead of tomorrow’s Consumer Price Index (CPI) release. Investors are increasingly hopeful for another disinflationary reading, which could further support a dovish outlook on monetary policy.
Tomorrow we have the all important CPI report at 8:30am.
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