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Market Impact: 0.4
With September PPI Coming in Red Hot — Is an October Rate Hike All But Assured?
Source: 247wallst.com
InflationEconomic Data
September wholesale inflation exceeded forecasts: the Producer Price Index rose 1.3% month over month versus 0.5% expected, and 6.3% year over year versus 5.3% expected. The larger-than-anticipated increases indicate stronger producer-price pressures than forecast.
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Overall Sentiment
moderately negative
Sentiment Score
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