Federal Reserve Chairman Powell has just confirmed the market's interpretation of the better-than-expected PPI report, calling it “mixed.” This may give traders more confidence that tomorrow's inflation data won't rise unexpectedly. He just said during the Q&A session at the event: “I wouldn't say PPI data is very popular; I'd say it's a bit complicated.” The stock market is at an intraday high. Despite strong PPI data earlier, US bond yields have generally declined. The basic model shows that tomorrow's CPI data will be in line with expectations, which may explain the reaction of traders, and Powell seems to agree with this. Even so, another blogger, Simon White, warns that there is still a possibility of anything unexpected happening in the market.
鲍威尔称PPI数据“喜忧参半”，交易员获得信心
Traders gain confidence as Powell says PPI data is “mixed”
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