Thursday, June 14, 2007

Big PPI Jump

Overall PPI was up .9% on surging energy, but core wholesale inflation came in as expected with a gain of .2%. There was an initial knee jerk lower in stock futures but they've since bounced back since this isn't the first time overall PPI has come in well beyond expectations. The 10 year treasury is down 5-ticks. More coming in the Morning Market Comment.

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