Stocks Rise on Dovish Fed Comments

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Stocks,Federal Reserve,Interest Rate Increases

Stocks are rising after dovish comments from a few Federal Reserve officials this week is fueling hopes the central bank is nearing the end of its interest rate increases.

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD

 

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