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Key Levels for October 12th + ๐Ÿ“Š CPI Tomorrow ๐Ÿ“…

๐Ÿ“Š Mojo Market Update:

- Labor Department reports on U.S. producer prices.

- Food and energy prices surge by 0.5% at the wholesale level.

- Core Producer Price Index, excluding food, energy, and trade services, rises by 0.2% as expected.

- Inflation concerns persist, prompting the Fed's cautious approach.

- PPI serves as a leading indicator for inflation, encompassing costs for pipeline goods.

- Recent Treasury yield increases ease market concerns and boost stocks.

- Tomorrow, the Bureau of Labor Statistics releases the Consumer Price Index (CPI), tracking consumer prices for various goods and services.

Keep it profitable,

ProTrader Mike


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