🚨 IMPORTANT UPDATE:
While YoY PPI was high today, the MoM PPI actually beat/matched expectation. Kinda a net neutral report. But tomorrow's CPI Data will carry more weight in deciding if the FED needs to Raise Rates.
PPI is a leading indicator, but CPI tells a better story of where inflation is at! If CPI is HOT, than the FED will most likely raise rates. But if matches or beats expectations, the FED will remain paused!