Investors are desperate to use anything to justify the Fed's need to get back to moving to more rate cuts than less in 2024. On Thursday, producer prices were all of a sudden that big deal economic data that normally isn’t a big deal.
On Thursday, we highlighted the fact that investors are desperate to use anything to justify the Fed's need to get back to moving to more rate cuts than less in 2024. And on Thursday, as per our commentary, US producer prices were all of a sudden that big deal economic data that normally isn’t a big deal.
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