Excluding food and energy, the month-over-month increase was only 0.1 Percent. Given that services are about two-thirds of the PPI, the Fed is happy with falling services and rising goods vs the other way around.

Market index trading began flat this morning, but was able to cruise to a higher altitude on news consistent with easing the Fed funds rate going forward.

Earnings season is slowly winding down, and throughout the period so far, Wayfair and American Express have been two big winners, with each seeing positive post-earnings reactions alongside announcing guidance upgrades.

In this video, Ira Epstein discusses recent economic data and its implications for potential interest rate cuts, noting the market's reaction to speculation that Kevin Hassett might be the next Federal Reserve chair.

Positive signals from both the US and Ukraine regarding a Russia-Ukraine peace deal continue to put pressure on energy markets. However, there’s little clarity on where Russia stands on the current plan