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Thursday's Final Takeaways: Crude Taps $103 & PPI Hotter than Expected
Source: youtube.com
Energy Markets & PricesInflationEconomic DataCommodities & Raw MaterialsInvestor Sentiment & Positioning
Crude oil rose to its highest level in nearly four months, while a slightly hotter-than-expected August U.S. producer-price index renewed consumer inflation concerns. The combination of higher energy prices and firmer producer inflation could complicate the near-term inflation outlook and weigh on rate-cut expectations.
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