Hotter-than-expected inflation data continues to dent Fed rate cut hopes

US equities (^GSPC, ^DJI, ^IXIC) are moving higher Thursday morning as the market reacts to hotter-than-expected inflation data in the form of February’s Producer Price Index (PPI). Many on Wall Street believe that this reading will lower the probability that the Federal Reserve will cut interest rates sooner rather than later.
Yahoo Finance Reporters Alexandra Canal and Josh Schafer join the Live show to break down the PPI report, February’s retail sales data, and how it may impact markets moving forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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