US Producer Prices printed notable higher than expected overnight (especially including food and energy), so this theme of stronger than expected inflation persists, but markets are just not reacting to it. What may have assisted was weaker retail sales, but I would have viewed that is an even worse outcome if the economy is deteriorating quicker than expected whilst inflation remains stubborn.
Anyway, the only really interesting thing to occur SpaceX's Starship making it to orbit.
US Producer Prices printed notable higher than expected...
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