Mild Producer Price Data Follows Consumer Price Shock, Yet Economists Raise Doubts On Rate Cuts: 'Fed Pivot Is Quickly Disappearing' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
American producers saw surge in inflation, but it was slightly below expectations, calming market concerns. PPI and CPI may impact future interest rates. Economists give insights on the data.
Source: benzinga.com