Retail Sales & PPI: What Investors Learned

Schwab Network

Kevin Hincks dives into this morning's economic data prints. The April PPI showed a dip in inflation levels while a relatively flat Retail Sales is something Kevin thinks is "a little softer" than expected. Meanwhile, Fed Chair Jerome Powell also reiterated the likelihood of a "higher for longer" rates environment. Pointing to the premarket weakness, Kevin cautions investors that a lot can happen in the trading day and stresses the hard economic data continues to point to a stronger U.S. economy.

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