Investors who fear stubborn inflation, if not an outright rebound, got a bit of a salve on Friday morning.
Wholesale prices showed no change month over month for September, coming in below expectations.
The producer price index report may help offset some of the slight concerns about Thursday's consumer price index report, which was a bit hotter than expected.
The personal consumption expenditures price index for September will be released on Oct. 31.
"We think the Fed is really still on track to cut 25 [basis points] at each of the next two meetings," Seif added.
Persons:
David Seif, Seif, Wells
Organizations:
Nomura Securities, Fed, PPI, Traders, JPMorgan Chase, BNY Mellon
Locations:
Wells Fargo