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Jed Graham: The PPI Has Good News For The Fed; S&P 500 Rises Ahead Of CPI

Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the biggest input to the Federal Reserve's primary core inflation rate, moderated a bit as airfares fell. After the PPI data, the S&P 500 edged higher in morning stock

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Posted: May 14, 2024 Tuesday 11:10 AM