The recent PPI data came in hot and the markets rallied, which was likely due to the headline number that was driven by crude oil prices. Randy Frederick says that $45 to $70 is a comfortable range for the energy commodity. What will the PCE data indicate? Kathy Jones says that bond yields continue to hold in a choppy range and that the focus is shifting to the upcoming FOMC meeting.
Market On Close
15 Sep 2023
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