Global stocks still could not rebound. Producer prices (PPI) in the US fell 0.1% in August, following a 0.4% drop in July and in line with forecasts. Domestic stocks rebounded from MA50 support with increasing order matching
The increase in core CPI is likely to cool down in the coming months. The Fed will still have to regulate but the extent will not be too strong. A 75 basis point increase in interest rates in September may be more plausible as hawkish attitude are raising forecasts to a 100-point gain increase.
- Domestic and international news
- US CPI and core CPI assessment
- What is the scenario for the market?
- Technical view and recommendations #PVS, #PAN
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