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To say that inflation data during the first quarter of the year surprised us and the markets is clearly an understatement and by Tuesday of this week, with the higher-than-expected Producer Price Index (PPI) print for April, markets were clearly on edge as they were also potentially expecting a higher reading for the Consumer Price Index (CPI) on Wednesday. ...
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post: Fed’s Powell Tested Positive for Covid-19 Yesterday, Experiencing Symptoms, Working From Home and Staying Away From Others -- Fed Spokesperson