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Birdie_OKX
October PPI undershot forecasts by a narrow margin, yet annual growth still reached a near-four-year high. That makes the report a modest relief, not a clean inflation reset. With payrolls and core CPI already firm, markets raising December 25 bp hike odds to 91% looks internally consistent, though the policy path remains data-dependent.
#USPPIBelowForecasts
