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facelessorg81
Apr 11, 2024 8:29 PM

Oil Leads -> PPI -> CPI aka InflationΒ 

United States Producer Prices Index YoYTrading Economics

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πŸ’΅ Unpopular OpinionπŸ’΅
PPI MoM came in today lower than expected at 0.2! But as we can see here below. OIL price is curving up. OIL leads, then PPI ( Producer Price Index ) goes up, leading to Consumer Price Index goes up! 😭

Oil πŸ“ˆ PPI πŸ“ˆ CPI πŸ“ˆ

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