U.S. producer prices (PPI) fell by more than expected in June, according to the Labor Department—an indication of easing upstream inflation pressures. The surprise downside in PPI is mildly supportive for rate-cut expectations and could move yields, even though no specific magnitude was provided in the report.
U.S. producer prices (PPI) fell by more than expected in June, according to the Labor Department—an indication of easing upstream inflation pressures. The surprise downside in PPI is mildly supportive for rate-cut expectations and could move yields, even though no specific magnitude was provided in the report.
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mildly positive
Sentiment Score
0.12
