TOM LEE: THE JUNE PPI CONFIRMS WHAT CPI ALREADY SIGNALED, INFLATION IS WEAKENING Both June inflation reports came in soft, and it reshaped Fed expectations: - June core PPI came in at 0.2 against 0.33 expected, echoing the weak June core CPI - Together the reports moved Fed funds expectations sharply - The market went from pricing two cuts in March to 1.6 hikes by the end of June, a hawkish flip that took four cuts out
Tom Lee Tracker (Not actually Tom)Share
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