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  • Producer Price Index - February 2024

    From bls.gov

    The Producer Price Index for final demand rose 0.6 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in January and edged down 0.1 percent in December 2023. (See table A.) On an unadjusted basis, the final demand index advanced 1.6 percent for the 12 months ended in February, the largest rise since moving up 1.8 percent for the 12 months ended September 2023. In February, nearly two-thirds of the rise in final demand prices can be traced to the index for final demand goods, which advanced 1.2 percent. Prices for final demand ... (full story)

Added at 8:41am

  • Inflation rose to 1.6% in February in producer price index, much hotter than expected

    From washingtonexaminer.com

    Inflation, as measured by the producer price index, rose to 1.6% for the year ending in February, the Bureau of Labor Statistics reported Thursday, much hotter than expected. The increase came after a slight decrease the month before. Most economists had forecast the inflation rate would rise to 1.1%, so the latest numbers are not good news for the Federal Reserve. On a month-to-month basis, the price index increased by 0.6%, double what was expected. The new inflation numbers come the same week the more closely watched consumer price index report for February was released. As measured in the CPI, inflation ... (full story)

0.6% on a monthly basis is 7.2% annualised hahah! Yeah right, FED won you guys time to lower rates... absolute clowns.
Hau bau miau!
bye bye dollarrrrrrrr
Sounds like consumers are getting hit with the price increases from the producers. That inflation is looking real transitory like Yellen said .
The solution is (x).
today this news good for USD , considering correction ABC like in EURUSD tf H1
Follow price direction
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Consumer prices , adjusted for inflation, are at 0 % for 24 consecutive months. So retail sales are flat for 24 months, dollar spending is up only because inflation prices are higher. We pay more $ for the same number of items. Anyone who thinks the consumer is strong is nuts.
Today is the day for USD which increased than previous data, especially USD/JPY. Today's PPI , core PPI, retail sales unemployment claim and yesterday's before CPI data will bull USD
Bearish for Dollar ---
Buy Dollar for a Year from now!
The number is good for usd.
Insane how they keep everything up. Just insane )
It was a massive GBP/USD Sell
ppi number can throw the $ into dust
Before news retail traders closed their short positions and added long positions. What do you expect? price must drop.
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A significant portion of this increase, nearly 70%, was due to the jump in prices for final demand energy, which rose by 4.4%. In product detail, a third of the February advance in the index for final demand goods can be traced to a 6.8% increase in prices for gasoline.

Index for final demand services rose by 0.3%. Notable increases include traveler accommodation services, which jumped by 3.8%.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: 54.4%
Quoting Vancarbon
…..and all the other corrupt companies who make a mockery of what investing is all about.
What's investing? Over half the trade in stocks is hft and it's been that way for over a decade. Options trading has been taken over by 0dte. Triple witching is still a big deal, but less and less so, as daily options volumes swamp the market around the old school monthly strikes. A trader's job is to understand the markets he is trading and make money, not to blame "them.", whoever "they" may be. Fuck "them." They're working for me.
"If The Fool persists in his Folly he will become wise." - William Blake
Another losers congregation groaning here ...sure, the same deviant gang

WhoTF cares about your smart view in the comments about ethics, politics, rates, debt, institutions?
The market has its own dynamics and the crowd's madness decides the price, ...just read the fucking inflation data and play the game!! ...the rest is just priggish bullshit, group rubbing orgy for loser's consolation.

All that whining!! ...central banks are like this, corporations are like that, politicians do this, investors and companies do that........ Weee, weee, weee!...

Yeah, that's what we do, "we buy when there's blood in the streets!"... This is the "business" we have chosen.
Who cares about anything else if one really wants to make a profit from trading??
Member
Quoting Vancarbon
{quote} Who’s “ blaming “ anyone ? It’s a comment directed at what the investment community has become. No one is moaning or complaining, I and others are showing what a farce this game has become over the many years ( 3 decades) I’ve been at this game, that’s literally what it’s become “ a game “ of leverage. Don’t mistake my comments that I’m not running with the trend or trading intraday these opportunities. I’m merely pointing out the lunacy of the markets .
What's changed then?

Reminiscences of a Stock Operator
https://www.amazon.com/Reminiscences.../dp/0471770884


Anything?

The extent of moral hazard.... definitely has got much much worse. At this rate the fate of the human race will be dependent on whether or not NVIDIA deliver...Ha what an ironic twist to the AI wipes out mankind narrative.
Waaaaah, waaaah, what a farce this game has become...
Waaaah, waaah, it's a bubble, it's a bubble... (whaaa, whaaa, since 2014 on that one!!!)
Whaaah, waaaah, ...doomsday, doomsday !!!
Member
Quoting TudorIoan
Another losers congregation groaning here ...sure, the same deviant gang WhoTF cares about your smart view in the comments about ethics, politics, rates, debt, institutions? The market has its own dynamics and the crowd's madness decides the price, ...just read the fucking inflation data and play the game!! ...the rest is just priggish bullshit, group rubbing orgy for loser's consolation. All that whining!! ...central banks are like this, corporations are like that, politicians do this, investors and companies...
Yeah, that's what we do, "we buy when there's blood in the streets!"... This is the "business" we have chosen. Who cares about anything else if one really wants to make a profit from trading??

Correct.
Don't limit yourself!!
Quoting mosiskv
{quote} Yeah, that's what we do, "we buy when there's blood in the streets!"... This is the "business" we have chosen. Who cares about anything else if one really wants to make a profit from trading?? Correct.
if everyone was like you...we would all be a better world...
God bless you mosiskv!
The only impartial feeling is love. It is also the only feeling of God.
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