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☆ CNBC Daily Open: Investors shrugged off a hawkish Fed and hot PPI
  + stars: | 2023-10-12 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineInvestors shrugged off Fed minutes that tilted hawkish and a hotter-than-expected PPI report to give markets a fourth consecutive winning session. Unfortunately, September's PPI report came in surprisingly hot. It's true the PPI report focuses on producer prices, while the Fed tends to scrutinize the consumer side of the equation more. Investors could be feeling defiant — or wanting to seize the opportunity to snap up stocks at relatively cheaper prices — after September's stocks slump.
Persons: Jerome Powell, Ryan Collerd, Derek Schug, weren't fazed, Treasurys Organizations: US Federal Reserve, Bloomberg, Getty, CNBC, PPI, Fed, CPI, today's, Kestra Investment Management, Dow Jones, Nasdaq Locations: York , Pennsylvania
☆ CNBC Daily Open: Hawkish Fed? Hot PPI? Investors shrugged
  + stars: | 2023-10-12 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Chen Mengtong | China News Service | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineInvestors shrugged off Fed minutes that tilted hawkish and a hotter-than-expected PPI report to give markets a fourth consecutive winning session. Unfortunately, the U.S. PPI report came in surprisingly hot, rising 0.5% for September compared with the expected 0.3%. It's true the PPI report focuses on producer prices, while the Fed tends to scrutinize the consumer side of the equation more.
Persons: Jerome Powell, Chen Mengtong, Derek Schug, weren't fazed, Treasurys Organizations: Federal, Market, China News Service, CNBC, U.S, PPI, Fed, CPI, today's, Kestra Investment Management, Dow Jones, Nasdaq Locations: Washington ,
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