The Zhitong Finance App learned that the overall US PPI data for October fell short of expectations, which slightly cooled the market's bets on the Fed's interest rate hike. According to data released by the US Department of Labor on Friday, the US producer price index (PPI) rose 6.5% year on year in October. The previous value was 6.3%, the highest level since November 2022, but lower than market expectations of 6.6%; the month-on-month increase was 0.3%, lower than market expectations of 0.4%, and the previous value was 1.3%. After excluding food and energy projects, the core PPI rose 5% year on year, in line with market expectations. The previous value was 5%; the month-on-month increase was 0.3%, also in line with market expectations. The previous value was revised from 0.70% to 0.8%.

The Zhitong Finance App learned that the overall US PPI data for October fell short of expectations, which slightly cooled the market's bets on the Fed's interest rate hike. According to data released by the US Department of Labor on Friday, the US producer price index (PPI) rose 6.5% year on year in October. The previous value was 6.3%, the highest level since November 2022, but lower than market expectations of 6.6%; the month-on-month increase was 0.3%, lower than market expectations of 0.4%, and the previous value was 1.3%. After excluding food and energy projects, the core PPI rose 5% year on year, in line with market expectations. The previous value was 5%; the month-on-month increase was 0.3%, also in line with market expectations. The previous value was revised from 0.70% to 0.8%.