🇺🇸 US economic data released
• PPI: 1.3% vs 0.6% expected
• Core PPI: 0.7% vs 0.3% expected
• Jobless Claims: 199K vs 199K expected
• Cont. Claims: 1.71M vs 1.71M expected
Inflation comes in hotter than expected, putting pressure on rate-cut expectations.
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