On Wednesday, US stock indices saw mixed results: the Nasdaq fell 0.7%, the S&P 500 fell 0.6%, gold fell 2.5% to $4,880 per ounce, silver fell 2.6% to $77 per ounce, and Brent crude rose 4% to $105 per barrel. The US Producer Price Index (PPI), a key inflation indicator, rose 3.4% year-on-year in February, higher than the expected 2.9% and the previous reading of 2.9%, marking its highest level since February of last year. The Federal Reserve will announce its interest rate decision at 2:00 AM on Thursday, followed by a press conference with Powell at 2:30 AM. The market has fully priced in no change in interest rates.