Producer Price Index Falls Sharply, ECB Cuts By 25 Points

The Producer Price Index for the month of August fells sharply on a year over year basis to just 1.7%, the lowest since February. That result was somewhat offset by an increase on a month over month basis to 0.2%. These results are roughly are roughly in line with the mixed CPI results from yesterday and add further support for a more modest 25 basis point cut by the Fed next week.

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[bamahama]

Do you believe ANY number these fools put out there?

[DougBow]

Post-live crew reporting for the algo! Thanks NSF for telling both sides. I know, gov't numbers, blah, blah, blah. Have to start somewhere.
No good can come from reducing rates while inflation is still kicking about. Right? Hello ECB, McFly anyone in there? We learned this lesson in the 70's.
I know that is like 50 years ago but to me it feels like it was yesterday. LOL

[themarkandmelteam]

The cost of everything is still ridiculous!

[Kbelcher]

Inflation is going to run away
- Gold

[ILLUMINATOR]

Jack, some weaker silver shorts are spraying their shorts 🤩

[themarkandmelteam]

Thanks for your morning update! Love the way you bring these reports and your honest assessment 👍

[huntncover]

Had the first comment on the Livestream, but got a visitor and had to leave . Re watched later . Thank you to Dangerous Donna for the honourable mention . It's good to know we are missed when not present . That even goes for that scoundrel accomplice of mine Cole Marsh . I'm sure he was missed too . Good show Jack . The Rave Damsey part was great, and how ironic . Also, I like oil, but the refined kind .

[victormuscella]

Watch out tomorrow, Friday 13th, for the Triple 🧙‍♀️ Witches!.😂

[breakmywalletmotorsport]

There’s something manipulating these markets…Blackrock?

[JamesBrown-hsyz]

Microsofts cuts are more to do with duplications in roles after several game studio acquisitions

[stevetse]

China stock market is in free fall the whole week. PWC is laying off because of Evergrande and China. They have been fired by many companies in China for Audi services.

[davidwilson]

My bias is that government derived economic data is contrived. Therefore, any meaningful analysis of it is of limited benefit to make useful decisions, other than the old saw of "don't fight the Fed."

[stevetse]

Sony cut price on new PlayStation. 5. Now only $780

[jetplane]

Worth a 2nd look

The move by Europe to cut rates despite not beating inflation was, as you said interesting

[dylyo]

VIX doesn't seem to agree with upticker stonks. Snagged some micro ES shorty but Def not a hodl day. HAGW!!

[joewger]

Europe does it, we will follow. The blind alway lead the blind. 😅

[kumarasnani]

Good Day All, Bears are going to get rekt in the short as Fed is buying Massive amounts of Debt.!

[ddprepper]

Excellent report thank you sir thumbs up 👍👍😎👍👍👍👍 back up the 🚒 🚛 🚒 🚛 🚒 🚛 get your real money gold and silver while you still can before it's all gone

[jetplane]

I thought I'd watch a second time 😁

[MVDreports]

Don’t buy that 2009 junk about PwC, they been doing quiet layoffs since 2022