PPI Cool, Too
By TF After Wednesday's cool CPI, you had to almost expect today's PPI to be cool, too, and it was. As such, the POSX is down sharply again today and rate cut odds have increased. Unfortunately for CDS, this is not enough to overcome a second, consecutive day of aggressive price smashes in London and that makes it all rather frustrating. So where to begin? I guess we'll start with that PPI...
By TF
After Wednesday's cool CPI, you had to almost expect today's PPI to be cool, too, and it was. As such, the POSX is down sharply again today and rate cut odds have increased. Unfortunately for CDS, this is not enough to overcome a second, consecutive day of aggressive price smashes in London and that makes it all rather frustrating.
So where to begin? I guess we'll start with that PPI...
