All of February's factory cost inflation measures came in lower-than-expected in the Producer Price Index report released Thursday. Economists are weighing in on what it could mean for the U.S. economy going forward.
U.S. markets rallied on Wednesday after February's inflation report came in softer than anticipated, bolstering expectations for Federal Reserve rate cuts while investors reassess the economic impact of President Donald Trump administration's policies.
Markets are range-bound (again) ahead of the PPI Report. And there’s one “hidden” clue on the charts, telling me this Double-Bottom Bear Trap could be one of our biggest wins of the week!
The Dow Jones Industrial Average is down 368 points this afternoon, erasing earlier gains that followed a softer-than-expected consumer price index (CPI) reading for February.
Thirty-three percent of the 12,000 respondents surveyed so far believe the fears are overblown, but 31% opined that the U.S. is heading for a recession accompanied by too many warning signs.
Bill Adams, chief economist for Comerica Bank, said that inflation is moving in the "right direction," making it more likely that the Fed will cut rates.
Core inflation, which excludes food and energy prices, rose 0.2% in February and increased 3.1% over the last 12 months. According to a Bloomberg report, the core CPI increase is the smallest since April 2021.
Alphabet’s rumored purchase of eye-tracking technology company AdHawk Microsystems will likely give the former a big push into headsets and smart glasses.
