Major US indices are higher after PPI data ...Middle East

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The data followed Monday’s hotter CPI report but offered some reassurance that pricing pressures may not be building at the wholesale level – at least for now. Pantheon does see further price increases going forward as a result of the tariffs, but sees core PCE this month rising by 0.28% – not great but not bad either given concerns about tariff inflation starting to kick in.

Looking at the major indices:

Dow industrial average is up 206 points or 0.47%S&P index is up 15 points or 0.23%NASDAQ index is up 23 points or 0.11%. Yesterday the NASDAQ index closed at a record high. This article was written by Greg Michalowski at www.forexlive.com.

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