Thndr Claps » U.S. Claps » Economy 🏢 » Another indicator for cooling inflation 🧊
The ClapThe producer price index (PPI) increased 8% YoY, coming in lower than analysts’ expectations and less than the 8.4% increase in September.
The DeetsDuring October 2022, the PPI increased by 0.2%, less than the expected 0.4%.
Stripping out food and volatile, energy, and trade services, the PPI increased to 5.4% annually.
So WhatThe less-than-expected increase signals that inflation has begun slowing down, following the CPI report last week.
The Fed’s interest rate hikes are finally beginning to have an impact on inflation, after four consecutive 0.75% interest rate hikes.
Now WhatThe US markets responded positively to the news, with the Dow Jones, Nasdaq, and S&P 500 all recording gains at the end of yesterday’s session.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email firstname.lastname@example.org and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)