This morning (PST) all three major US indices are in the green with Nasdaq in more emphatic green following the PPI data that also showed (following CPI data from yesterday) that inflation is cooled in June. The economy seems to be reasonably strong and inflation seems to be going in the correct direction thereby increasing the chances of "soft landing". This is obviously good news and adds to interesting set of parameters for FOMC meeting to reach a decision on rate hike later this month.
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