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On the SPOT™ blog (08/11/2023) [E..]

July PPI number released this morning shows prices rose compared to June and the number was above estimates. University of Michigan's report showed that consumer sentiments related to prices and inflation improved slightly. Essentially, I think that there is no sign of inflation taming act to be getting easier. We'll have to see more data calculate rate hike probabilities for September. Markets reaction seems mixed this morning (PST) in that DJIA seems to be in the green while S&P500 and Nasdaq composite are in the red.

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