PPI “Hotter” Than Expected

This morning the producer price index rose .5% and that is well above the .3% that was expected.

PRE-OPEN MARKET COMMENTS TUESDAY - The big news this week will be the inflation readings from PPI and CPI. It will determine the latitude (if any) the Fed has to cut rates. Economic conditions are softening and the market wants the Fed to cut rates. Inflation would keep them from doing so.

Daily Bulletin Continues...