Why PPI Hit the U.S. Dollar Harder Than CPI This Week
Two inflation reports landed this week, just one day apart. Wednesday’s Consumer Price Index matched forecasts, and the dollar barely blinked. Then, Thursday’s Producer Price Index came in cooler than expected, knocking September rate hike odds from a coin flip to below 40%. So, why did the lesser-known report pack the bigger punch? It comes down to where each…











