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May’s U.S. PPI fell 0.2% from the previous month & was up 2.2% YOY vs. the expected 2.5%.

(Jun 13, 2024)
May’s U.S. PPI fell 0.2% from the previous month & was up 2.2% YOY vs. the expected 2.5%. More good news but the Fed now forecasting only 1 rate cut for 24 (60.5% chance for the 1st cut in Sept). It will keep the U.S. $ Index elevated.
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.
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