After yesterday's CPI data for May, this morning's PPI data showed 0.3% decline compared to April that was better than expected. Another good data point for Feds' balancing act to curb inflation while achieving a "soft landing". Markets will soon find out FOMC's interest rate decision and commentary surrounding it. At the moment (morning PST), markets seem to be in the "waiting mode" as Dow seems to be in mild red and S&P, Nasdaq seem to be in mild green.
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