This PPI report is destined to be over-rated ...Middle East

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This PPI report is destined to be over-rated
The April US producer price index report is due at 8:30 am ET and I expect an unusually-large market reaction. Because of calendar quirks, the economic calendar since non-farm payrolls eight days ago has been absolutely barred. That's left the market floating along but invariably starved for meaningful data on the economy. It's also a market that's obsessed with inflation.Enter PPI. It's not a great indicator and tells you mostly about commodity and materials prices but it's also released by the BLS and the BLS also releases CPI. They use many of the same seasonal factors to adjust the numbers. So while I don't think PPI offers much about inflation (we already know commodity and materials pr

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