PPI Numbers As Good News For Markets & The Fed

Retail Sales numbers came in lower than expected. The PPI or Producer Price Index data came in line with slowing economic conditions. Could this feed into a bull market? "The PPI number is good for the market, as well as the Federal Reserve's position. The effect that these numbers would have had prior to the Silicon Valley Bank collapse and Credit Suisse problems is different. The PPI data feeds into the PCE. Regarding retail sales, inflation was lower," says Bob Iaccino.