Market Update – Hot PPI In Front of The FOMC

11:27 a.m. ET The averages are struggling after another hotter than expected Producer Price Index report (PPI) just a day in front of a crucial Fed policy meeting. The index for final demand jumped 0.8% m/m in November (above consensus 0.5%), leaving it up 9.6% yr/yr. Core producer prices jumped 0.7% m/m (above consensus 0.4%),…