Wholesale inflation unexpectedly drops in March as gas prices plunge
1. PPI declined 0.4%, first drop in 1.5 years, affecting S&P 500 sentiment. 2. Gasoline prices dropped 11.1%, contributing to the PPI decrease. 3. Escalating trade tensions raise inflation risks and recession odds. 4. Fed expected to cut interest rates, impacting market dynamics. 5. Consumer sentiment weakens amid inflation concerns linked to tariffs.