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Among the things to watch this morning in markets and the global economy: US PPI Inflation: The consensus forecasts are for a 0.4% monthly jump in headline PPI (lifting the annual inflation rate to 5.3%) and a 0.3% rise in core (4.6%). These readings will come ahead of tomorrow’s CPI inflation report. ECB Rate Decision: Beyond a widely anticipated 25 bps rate hike, all eyes will be on the accompanying remarks, particularly how European central bankers characterize the inflation dynamics and the appetite for further tightening. Meanwhile, markets are brushing aside the administration’s $5,000 “voter dividend” proposal, viewing actual implementation as highly improbable against a 6% budget deficit, solid growth, and pressure from elevated sovereign bond yields. #economy #markets #ecb #inflation #ppi