“The worst-case scenario on inflation isn’t playing out,” said David Russell at TradeStation. “The doves will be happy to see the year-over-year number back below 3%. Combined with the weak jobs data recently, this keeps us on track for rate cuts. However, the speed and intensity might depend more on the big consumer index.”Economic data released on Wednesday showed that the U.S. producer price index for final demand fell -0.1% m/m and rose +2.6% y/y in August, weaker than expectations of +0.3% m/m and +3.3 ...