WS #12176
US PPI unexpectedly fell 0.3% MoM in June, reinforcing disinflation trend and reducing Fed rate hike expectations, but oil price spike may offset. PayPal surges 17% on reports of $53B takeover bid by Stripe and Advent International, with Block potentially joining.
US Inflation Data and Fed Expectations
US PPI unexpectedly fell 0.3% MoM in June, reinforcing disinflation trend and reducing Fed rate hike expectations, but oil price spike may offset.
PayPal surges 17% on reports of $53B takeover bid by Stripe and Advent International, with Block potentially joining.