Strong PPI Number: Fed Will Be Higher For Longer
b'"The Producer Price Index or PPI numbers are concerning as it is putting us in a range than the Federal Reserve\'s target would be. There will be a reaction in interest rates and treasuries. There has also been global central bank activity, especially with the ECB. Also, employment continues to be strong. The market can remain irrational longer than you can remain liquid sometimes," says Dan Deming.'