US producer prices unchanged in July, further dimming rate hike odds - Reuters
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- US Producer Price Index came in unchanged for July, below the 0.2% monthly gain economists had forecast, per Reuters and CNBC headlines.
- The Dow, S&P 500, and Nasdaq trended higher on rate-cut bets and earnings after the soft wholesale inflation print, per Yahoo Finance.
Why it matters: A flat July PPI versus an expected 0.2% rise is a downside surprise that directly dims rate hike odds per Reuters' framing. For rate-sensitive equities and any borrower watching the Federal Reserve's next move, softer wholesale inflation reduces the case for further Fed tightening.
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