Forwarded from Wavenacci x ICT
PPI inflation cooled in July as CPI looms
Data released earlier Tuesday showed the producer price index rose 0.1% on a monthly basis in July, compared with the 0.2% rise expected by economists. Annually, it rose to 2.2%, versus an estimate of a 2.3%.
Excluding volatile food and energy components, "core" PPI was flat on the month, compared to an expected 0.2% rise. Annually, the narrower measure of PPI stood at 2.4%, versus an estimated 2.7% advance.
"A cooler-than-expected PPI report offers welcome support for those in favor of a near-term rate reduction," Stifel said in a recent note just a day head of fresh inflation data with the release of the consumer price index.
Treasury yields fell sharply as investor bets on a September rate firmed up, with the odds of 25 basis point cut at 45%, while a larger cut is priced at 55%.
Data released earlier Tuesday showed the producer price index rose 0.1% on a monthly basis in July, compared with the 0.2% rise expected by economists. Annually, it rose to 2.2%, versus an estimate of a 2.3%.
Excluding volatile food and energy components, "core" PPI was flat on the month, compared to an expected 0.2% rise. Annually, the narrower measure of PPI stood at 2.4%, versus an estimated 2.7% advance.
"A cooler-than-expected PPI report offers welcome support for those in favor of a near-term rate reduction," Stifel said in a recent note just a day head of fresh inflation data with the release of the consumer price index.
Treasury yields fell sharply as investor bets on a September rate firmed up, with the odds of 25 basis point cut at 45%, while a larger cut is priced at 55%.
Forwarded from Simple Forex Tools
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