1 month ago
9
Key Takeaways
- US PPI was unchanged at 0.0% in July.
- Underlying producer inflation rose 0.4%.
- The case for another Fed hike weakened.
- Retail sales, Fed minutes and PCE come next.
The Producer Price Index for final demand was unchanged in July, against expectations for a 0.2% monthly increase, while the annual rate stood at 4.7%.
The result closes the immediate inflation test discussed in our earlier Bitcoin and PPI analysis. It also follows Wednesday’s CPI report, which showed consumer inflation easing in July.
With neither report delivering the upside
English (US)