The drop in inflation appears to be temporary as commodities prices are rising again. Oil futures are up 5%, Gas futures are up 10%, and lumber and wheat prices are also rising. So while we did get a good producer price index (PPI data) that showed a drop in inflation month over month, it looks like that inflation drop was only temporary. This video explains how this economic news will affect the stock market, and how more financial news could cause the Federal Reserve to raise interest rates more than expected. This video also covers the additional stock market news that came out today, including Rivian Earnings.
