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Dear Etorians, 03/14/24
The Labor Department reported that U.S. producer prices (PPI) rose year-over-year in February at a faster-than-expected pace, 0.6% month-on-month and 1.6% year-on-year. an.The wholesale price index (WPI), which measures inflation on the producer side, continued to rise in the United States in February, driven by gasoline prices at the pump, following the price curve on the consumers which also rebounded. For the Fed, this reinforces the idea of being patient on the future monetary orientation.
Tomorrow, before the markets open, the $GCT (GigaCloud Technology Inc) results will be published.
My comments are not financial advice, just personal observations.
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