Published on 12 Apr 2024 on etf.com via Yahoo Finance
Here’s What’s Happening in Markets Today: April 11
Here’s What’s Happening in Markets Today: April 11
Stock and bond markets were mixed Thursday morning as investors digested another inflation report.
The Producer Price Index (PPI), a measure of wholesale inflation rose, 0.2% for the month of March according to the Labor Department. On a yearly basis, PPI rose 2.1%, the biggest jump since April of last year. Inflation came in weaker than economists had forecast, stoking hopes once again about the potential for rate cuts.