August US PPI YoY: 2.6% (Forecast 3.3%, Previous 3.3%, Revised 3.1%)
- US PPI MoM Actual -0.1% (Forecast 0.3%, Previous 0.9%, Revised 0.7%)
August US Core PPI YoY: 2.8% (Forecast 3.5%, Previous 3.7%, Revised 3.4%)
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Short-term US interest-rate futures tick up after PPI inflation data, amid traders adding bets on a September Fed rate cut. The reading signals that price pressure across the manufacturing sector (but not only) eases, rising odds for a favourable for Wall Street and key for investors and analysts CPI data tomorrow.
Source:XTB Research, Bloomberg Finance L.P, BLS, Macrobond
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