PPI Numbers
PPI releases at 7:30. These are critical numbers that move the markets. They signify the change in prices for producers.
Think about them as inflation within the supply chain for businesses. It gives a sense of the prices businesses are paying and how they have changed.
Numbers to Watch
The important number to watch is PPI MoM.
You can see that our previous reading was 0.3% and we are expecting that number to continue.
Any number under 0.3% should lift the markets, while anything over it can trigger a sell-off.
With this data behind us, we have some stability until the FOMC interest rate decision next week.