Summary
Markets are higher at midday shrugging off the second hot inflation report in two days. President Trump says more tariffs are coming, likely today. PPI rose sharply in January, increasing 0.4% month over month, higher than expected. On a yearly basis, prices climbed by 3.5% from a revised higher 3.5% the month before. Core PPI rose 0.3% monthly, above the 0.2% expected. On an annual basis, it dropped to 3.4% in January from 3.5% in December. This report on the wholesale side of inflatio
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