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Investors were blindsided by July’s hot PPI inflation reading. Why stocks mostly shrugged it off.
Earlier this week, falling bond yields and growing expectations for aggressive Federal Reserve interest-rate cuts in the months ahead helped spark a rotation away from what had been working in the U.S.
Producer Price Index: Wholesale Inflation Hotter Than Expected In July
The producer price index (PPI) for final demand rose 0.9% month-over-month after a flat reading in June. Core PPI, which excludes food and energy prices, rose 0.9% month-over-month after a flat reading in June. In July, the PPI for finished goods rose 0.5% month-over-month, up from 0.4% in June.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
Consumer sentiment soured in a preliminary reading for August, and expectations for inflation increased, both worrying signs ...
July headline PPI reading rose 0.9% month-over-month. This was more than 4X the increase economists were expecting. The "core ...
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns ...
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Stock market today: Dow, S&P 500, Nasdaq hit pause as hot PPI inflation data cools rate-cut rally
US stocks mostly stalled on Thursday as Wall Street digested a much hotter-than-expected PPI inflation print, souring ...
24/7 Wall St. on MSN2h
Inflation Is Back, Time to Worry
The Producer Price Index surged in July, in part due to tariffs. Consumers could face sharp inflation again toward the end of ...
Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a ...
The monthly rise was the biggest since June 2022, and the annual increase the highest since February this year. Core PPI, which strips out volatile data points, rose by 3.7 percent over the year, its ...
The rate-sensitive U.S. 2 Year Treasury yield (US2Y) jumped up on Thursday, as it reacted sharply to the hotter-than-expected ...
Leading cryptocurrencies dived on Thursday after hotter-than-expected wholesale inflation tempered risk appetite.
Treasury yields ticked higher after the hotter-than-expected PPI reading, though yields remained below Wednesday end-of-day levels.
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