Following the release of the PPI (discussed and other key measures) discussed here, how did the markets react, in terms of Fed funds futures, the ten-year rate?
Source: CME accessed 6/12, 6/13/2024, 1:30pm CT.
The trajectory of Fed funds futures is even more depressed.
Ten-year yields have also fallen. In view of:
Source: TradingEconomics, accessed 6/13/2024, edited by author.
We have a constant reaction – without the PPI release – to the value of the US dollar, as shown in the figure below (for the same period):
Source: TradingEconomics, accessed 6/13/2024, edited by author.
Of course, the value of the dollar against a basket of foreign currencies is affected by events and expected reviews abroad, as well as at home.
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