Article
Rate-Hike Odds Remain Low As US Producer Prices Print Cooler Than Expected In July
Rate-Hike Odds Remain Low As US Producer Prices Print Cooler Than Expected In July
Following yesterday's cooling (in-line) consumer price inflation data (driven in large part by energy deflation), US producer prices were expected to rebound modestly in July from a 0.3% MoM decline (headline) in June.
Instead, headline Producer Prices were unchanged MoM (cooler than expected), pushing the annual change down from +5.5% to +4.7% YoY...
Source: Bloomberg
Core PPI (Ex Food and Energy) also printed cooler than expected (+0.2% MoM vs +0.3% MoM), dragging Core PPI YoY down to +4.2%...
Final demand...
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