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SPXT - Revisiting Inflation: Lipper Inflation-Protected Bond Funds Remain In Demand
ProShares S&P 500 Ex-Technology
CPI rose 5.4% in July from last year, matching June’s increase, which was the largest 12-month increase since August 2008.
PPI for final demand increased 1.0% month over month in July after rising 1.0% in June and 0.8% in May.
Although month-over-month core PCE growth was the lowest increase since February (+0.3%), the annual increase from last July remained at 30-year highs (+3.6%) - marking the fourth straight month exceeding the Fed’s 2% target.