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%)
- US Core PPI MoM: -0.1% (Forecast 0.3%, Previous 0.9%, Revised 0.7%)
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
Oil Price Erases Geopolitical Premium Faster Than After the Conflict with Russia. Is This the End or the Beginning of the Declines?
Chart of the Day: Is USDJPY in a stable trend or at a turning point? 💡
Economic Calendar: Will Today's NFP Data Send Wall Street Plummeting❓
Morning Wrap: Tech Sell-off in Korea, Yen Hits 40-Year Low Ahead of NFP🚨