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STOCKS RISE AND BOND YIELDS DROP ON SOFT US PPI DATA

  • NEWS Desk Global
  • Aug 13, 2024
  • 1 min read



Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing market expectations that cooling inflation will allow the Federal Reserve to cut interest rates soon.

The producer price index for final demand gained 0.1% last month after rising by an unrevised 0.2% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday.

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