Sam Price Focuses on PPI Data Release and Interest Rate Expectations

According to Twitter user Sam Price, the Producer Price Index (PPI) for October will be released tomorrow at 8:30 AM Eastern Time. The wholesale price index for September was 1.3%, while the forecast for October is 0.4%. Currently, the Consumer Price Index (CPI) has already shown high levels of inflation. According to CME FedWatch data, the probability of an interest rate hike in December is close to 90%. If the PPI data exceeds expectations, market bearish sentiment may intensify; if the data falls short of expectations, the market may experience a rebound.

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