Thread: Epic's Account Talk

Good Morning......
Just some random data from this mornings PPI report. Buckle up for what may be a bumpy ride. Futures have been Up, Down, Up, Down all morning, with US Tech looking the strongest.....

PPI for March came in at +2.1% YoY below expectations of +2.2% YoY

PPI for March came in at +0.2% MoM below expectations of +0.3% MoM

At 2.1%, annual PPI is now back at the highest level since September 2023.

U.S. core PPI rose 2.4% on an annual basis, compared to estimates for an increase of 2.3%, and up from 2.1% in February.

The chance of the Fed cuts this year rapidly abates

Moreover, June rate cut expectations fell from 56% to 15%

4-11-24FUT.PNG
https://www.investing.com/indices/indices-futures