#USJulyPPIFlat *#USJulyPPIFlat* = *US Producer Price Index for July came in flat at 0.0% MoM*

Why was it flat?*

The big driver was *falling energy and goods prices*:

Gasoline: -5.7% MoM* - more than half of the goods decline

0.2% MoM, driven by portfolio management costs +6.5%. Truck freight -1.8% and airfares -3.4% helped offset. c1de

What it means for the Fed

This was softer than expected and adds to the case for the Fed to *hold rates steady* at the Sept meeting. b347

Both CPI and PPI are now showing cooling. Markets took it as less hawkish = dollar weakened a bit. 054c

#SpaceXShortInterestFallsTo11% #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 PPI#USJulyCPI&PPIDueThisWeek

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