Inflation came in slightly hotter than Wall Street expected; PPI was slightly cooler. We expect the Fed to lower rates at its November and December meetings.
Treasury yields finished mostly lower on Friday after September’s producer-price report came in unchanged, but closed higher on a weekly basis as a result of unexpectedly strong nonfarm-payrolls data ...
U.S. producer prices were unchanged in September, pointing to a still-favorable inflation outlook and supporting expectations of Fed rate cut next month. “The PPI numbers leaned friendly for the ...