As outlined in a recent Bloomberg table, US PPI inflation registered numbers that were either consistent with or lower than consensus forecasts. This metric acts as a key gauge for pipeline cost pressures. When paired with the CPI data released yesterday, today's figures have continued to calm market expectations regarding a Fed interest rate hike this September. Consequently, the implied probability for such an increase has dropped to roughly one-third.

#economy #markets #inflation #federalreserve