Dow Jones caught between two opposing forces
The Dow Jones (US30) edged lower in yesterday’s session after the release of the U.S. Producer Price Index (PPI) came in higher than expected, raising concerns that inflationary pressures at the production level have not yet fully eased.
Specifically, July PPI rose by 0.9% month-over-month, far exceeding the forecast of 0.2%,
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