Another piece of good news! The US just released its June PPI data, with both PPI and core PPI coming in below expectations, and the PPI month-on-month rate even turned negative.

As a producer price index, this will also impact inflation, so this data is also positive for the market. After the data was released, the probability of a Fed rate hike continued to decrease. By the way, from around 10:00 to 12:00 later, the Fed's Waller will be participating in a hearing again.

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