TSX:FFN - Post Discussion
Post by
mouserman on Apr 11, 2024 10:59am
PPI numbers surprise
Producer prices weren’t so hot after all, a measure of relief for markets on edge about inflation.
The latest wholesale price data, out early Thursday, came in slightly lower than expected. The S&P 500 opened faintly higher, though the 10-year Treasury remained above 4.5%.
Investors are still processing Wednesday’s strong consumer-price data, which shook markets. Global bonds sold off overnight, following big downward moves in U.S. stocks and Treasurys on Wednesday.
MY take on this ... producers didnt jack up prices, but with HIGH diesel prices for transporting just about everything out there there , the comsumer gets to pay more for the products than the previous month. Media likes to spin things as positive as possible in an election year.
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