PPI Better than Expected - Market relieved
Posted: Jan 14, 2025
- PPI rose by 0.2% in December 2024, lower than expected 0.3%
- Annual change shows wholesale prices increased by 3.3% YoY
- Core PPI excluding food and energy prices remained unchanged in December
- Fed may hold off on cutting interest rates due to high inflation
- Markets could stay cautious until more clarity on inflation
- Focus on CPI report on Wednesday to understand impact on consumers and markets
- Expected scenarios for the market are either sideways or slight upside for stocks
- SPY up 0.55% in pre-market, VIX down 2.85%
- Premier League club Southampton has a new chairman and more changes are coming
- California wildfires worsened by high winds
- Deeper inequality could result from California wildfires
- AP Top Photos of California wildfires
What do people on Reddit think?
🚨 Reddit sentiment: mixed - Comments reflect skepticism and irony about the market reaction to PPI data; some positive views are offset by doubts regarding economic manipulation and true inflation representation. Summarized comments: - The market appears relieved as PPI numbers are better than expected, but some skepticism around inflation remains with comments on economic manipulation - Some argue that economic indicators are 'adjusted' or manipulated to paint a more favorable picture last minute - There is a general sense of irony and disbelief in the market’s positive reaction to the news given core PPI still reflects inflation - Several users comment on how positive news is cautiously received and could be misleading as markets often react unexpectedly - There's a mix of cynical commentary on market reactions and critique on apparent economic transparency
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