WS #12163
US PPI fell 0.3% in June, reinforcing disinflation trend and supporting expectations of Fed rate hold; Treasury yields decline. PayPal shares surge 17.2% on reports of a joint acquisition offer from Stripe and Advent International at $60.50/share.
US Inflation Data and Fed Outlook
US PPI fell 0.3% in June, reinforcing disinflation trend and supporting expectations of Fed rate hold; Treasury yields decline.
PayPal shares surge 17.2% on reports of a joint acquisition offer from Stripe and Advent International at $60.50/share.