Key Levels for October 12th + 📊 CPI Tomorrow 📅
📊 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,