Initial Claims, PPI Data In Focus
Ahead of Thursday’s opening bell, a slew of new economic data has hit the tape to inform market futures. Aside from the normal Thursday Initial Jobless Claims, we also see index reports from Empire State and the Philly Fed, as well as the other shoe dropping from yesterday’s Consumer Price Index (CPI), the Producer Price Index (PPI). The PPI is arguably the bigger determinant toward future economic inflation, concerns of which have led to the past two weeks of market turbulence […]