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The uncertain US data continues to impact the market’s expectations regarding the timing of the Federal Reserve’s first rate cut, as the data is continually being revised. The release of today’s PPI data further supports the idea that the Fed had more information when making its latest decision, which helps to explain why it maintained its dovish stance. Moreover, rate cut odds rise despite higher PPI today.
Higher PPI & Core PPI
10-Year Yield Chart Never Lied
What Does This All Mean?
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