Inflation data “surprised” to the upside as Jan. PPI soared 1%, double the .5% estimate
U.S. PRODUCER PRICE INFLATION RISES +9.7% Y/Y IN JANUARY; EST. +9.1%
U.S. CORE PPI RISES +8.3% Y/Y IN JANUARY; EST. +7.9%
Fed raises rates 50bps the biggest hike in two decades
05/04/2022
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