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PPI Follows CPI Trend of Cooling Inflation: What Does it Mean for Fed?
Description
More reprieve for investors worried about inflation hit the tape Thursday morning when PPI came in cooler than expected. Kevin Hincks takes a deep dive into the report and points to key metrics signaling that inflation is cooling and lowering the chances for an interest rate hike from the Fed. He walks investors through his expectations for the Fed and the direction of rates long-term as jobless claims sees a slight uptick.
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