July producer prices (PPI) were flat month-over-month versus a 0.2% forecast, lowering the odds of a Fed rate hike in September. Equity markets responded immediately, with the S&P 500 closing at a record ~7,799 and the Nasdaq up 0.8% on the improved inflation/rates outlook.
July producer prices (PPI) were flat month-over-month versus a 0.2% forecast, lowering the odds of a Fed rate hike in September. Equity markets responded immediately, with the S&P 500 closing at a record ~7,799 and the Nasdaq up 0.8% on the improved inflation/rates outlook.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.20
