Inflation Data Supports Continuation in Recent Leaders, FIGR Earnings Validate the Rerating Thesis, SEC Meeting on Deck

Inflation Data Supports Continuation in Recent Leaders

PPI came in slightly below expectations today, following yesterday’s benign CPI print. Core inflation remains above where the Fed ultimately wants it, but the broader direction of travel continues to look constructive, with momentum across both consumer and producer prices moving lower.

There is certainly a hawkish interpretation if one digs into...

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