US PPI Falls Sharply, Retail Sales Dip, Manufacturing Grows Modestly
Stocks Rally Even Higher as S&P 500 Touches 4,500
This is the first time in four months that so-called wholesale inflation has fallen. Earlier this week, the markets celebrated lower-than-expected October retail inflation in most sectors.
The US also added fewer jobs than expected last month, which could see the US Federal Reserve create a soft-landing for the economy. Market pundits predict the Fed will not increase rates when it meets in December.
This is a developing story.
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