S&P 500 closes higher after April PPI misses expectations

If the April producer price index (PPI) misses economists' expectations of a 0.5% rise (headline) and 0.4% rise (core), the S&P 500 will likely close higher as softer inflation data reduces pressure on the Federal Reserve to hike rates. This aligns with the recent trend of stocks rebounding on cooler-than-expected inflation prints.

Implied probability (Yes)

70%