The US stock market showed little movement in the Friday session as liquidity continued to remain low with cash flows appearing indecisive while investors assessed this morning's PPI index report. Accordingly, producer inflation declined for the fourth consecutive month to +7.4% year-over-year. This is the lowest increase since 05/2021, however still higher than expectations of +7.2%.
Core PPI block, excluding food and energy, rises 0.4% MoM, double the expected +0.2%:
While pressure from crude energy hits the lowest level since early 2022, food prices continue to rise rapidly:
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