📈 PPI Results / CPI 8:30 AM

PPI Results

We had something strange happen during yesterday’s PPI release. This month’s PPI came in hot at 0.5%, however there was a revision to last month’s data from 0.2% to -0.1%, which institutions liked.

The revision is a good sign for the economy, although PPI this month did still come in hot.

Nevertheless, the market shrugged it off due to the adjustment to last month’s data and we saw significant buying.

We also shifted towards the chances of a rate cut coming in September being more likely than not.

CPI 8:30 AM

CPI is going to significantly move the market this morning.

Here are the numbers to look out for:

If we come in above expectations, the market is going to sell off, especially with this month’s PPI coming in hot.

If we come in at our below expectations, we should see buying. The market will likely become even more bullish on the revision to the PPI number and expect rate cuts in September.

I dive into this in more detail in the video below: