🚨 BREAKING !!!
US JULY PPI LOWER THAN EXPECTED: 0% MONTH-OVER-MONTH, 4.7% YEAR-OVER-YEAR 📊🇺🇸
Headline PPI: Rose 0% month-over-month (vs +0.2% expected), up 4.7% year-over-year (vs 4.9% forecast).
Core PPI: Increased 0.2% month-over-month (vs 0.3% expected), up 4.2% year-over-year (in line with forecast).
Jobless Claims: Initial claims for the week ending August 8 rose to 209,000, higher than the 202,000 expected and the highest since mid-July.
PPI data came in softer than expected, indicating cooling producer price pressures, while jobless claims were slightly weaker than forecast.
Subdued producer inflation data coupled with rising initial jobless claims point to further economic cooling, reinforcing market expectations that the Federal Reserve will pivot toward monetary policy easing
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US JULY PPI LOWER THAN EXPECTED: 0% MONTH-OVER-MONTH, 4.7% YEAR-OVER-YEAR 📊🇺🇸
Headline PPI: Rose 0% month-over-month (vs +0.2% expected), up 4.7% year-over-year (vs 4.9% forecast).
Core PPI: Increased 0.2% month-over-month (vs 0.3% expected), up 4.2% year-over-year (in line with forecast).
Jobless Claims: Initial claims for the week ending August 8 rose to 209,000, higher than the 202,000 expected and the highest since mid-July.
PPI data came in softer than expected, indicating cooling producer price pressures, while jobless claims were slightly weaker than forecast.
Subdued producer inflation data coupled with rising initial jobless claims point to further economic cooling, reinforcing market expectations that the Federal Reserve will pivot toward monetary policy easing
$BTC $COTI $BANK