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US PPI is coming up next

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Happy Friday.

The July producer price index is due at the bottom of the hour and might be a minor market mover. The consensus is +0.7% y/y on the headline and +2.3% y/y on core.

At 10 am ET, the August US consumer sentiment report from the University of Michigan is due out. I have little use for this indicator but it’s still a market mover and expected to dip to 71.0 from 71.6.

The Fed speaker docket is vacant today.

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