Surely the various Fed Presidents are squirming in their seats a bit today as the data we received today surely raised the heat they’ll be feeling with their meeting less than a week away. The Street was prepped for PPI to come in slightly above estimates due to the CPI figures we saw on Tuesday but this may be a bit too hot to handle for the esteemed committee. The reason being is they have repeatedly said their decisions will be data-dependent and these figures a rate cut doth not make. One m…
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