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Following the slightly hotter US CPI print on Wednesday –headline inflation was in line with expectations, but core accelerated a bit more than anticipated– producer price inflation accelerated significantly more than expected. Last month, US producer prices rose 1.3% m/m. Yet, rates were down on the day, not up.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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