FBC Varney July 3, 2024
Consumer prices tomorrow, Producer Prices out about half an hour ago. Heres what we have. In april, prices paid by businesses went up a much bigger than expected 0. 5 . That is the hottest read sense february. Over the last year, Producer Prices went up 32. 2 2. 2 , and thats the highest since april of 2023. A strongen Inflation Report today. Heres the market reaction, subdued. When those numbers first came can out, the market went straight down. Weve recovered a lot. The dow is actually up 20 points, the s p is down a mere 2, and the nasdaq down 40 points, thats it. The 10year treasury yield ...