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via seekingalpha.comEconomy

US PPI inflation rises less than expected in October

FROM THE WIRE · SEEKINGALPHA.COM

[Dashboard oil pressure gauge has a scale showing INFLATION and a needle pointing at the danger red zone. Illustration of the concept of high inflation rate and increasing cost of living] Dragon Claws U.S. Producer Price Index rose 0.3% M/M in October, vs. +0.4% consensus and…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA PPI print below consensus may ease rate pressure and support risk assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US PPI rose 0.3% month over month in October, versus 0.4% consensus.
  2. 02The prior month was revised to +1.4% from +1.3%.
  3. 03Prices for final demand services rose 0.2%, the fifth consecutive advance.

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