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Cooler PPI Turns Heat Down on Fed; AMD & AVGO Down as NVDA Rises

Dela

A cooler-than-expected PPI is something Kevin Hincks believes will offer reprieve for a stock market becoming more tightly tied to the inflation picture. While he sees the Fed hiking interest rates in December, the likelihood for a 50 basis-point hike has fallen drastically. Kevin explains how he sees a 25 basis-point hike affecting equities and the U.S. economy as several Fed speakers take the podium Friday. Also watch Nvidia (NVDA) as it moves higher while Broadcom (AVGO) and AMD Inc. (AMD) fall. ======== Schwab Network========

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