The PPI data for the United States was released and it rose slightly in July. Thus, the expectation of a moderation in the Fed rate policy is reinforced.
He producer price index (PPI) for the final demand in USA it reflected an increase in July that is due to a rebound in the cost of services. However, the trend remained consistent with a moderation in inflationary pressures.
And it is that this data is added to that of Thursday, which reflected that the consumer prices rose moderately in July. Thus, this news reinforces the expectations that the Federal Reserve will likely hold interest rates unchanged next month.
He PPI It was known this Friday and showed an increase of 0.3% for July, reported on Friday the United States Department of Labor. Thus, the course set by the June data is being confirmed, which were revised downwards and finally remained unchanged, instead of the 0.1% rise that had been reported.
How is the production index in the US
In the 12 months to July, the PPI increased by 0.8%, after having risen 0.2% in June. The rebound of the annual rate it was because prices were lower last year.
Economists polled by Reuters had forecast that the PPI it would rise 0.2% in the month and 0.7% in the interannual rate.
Since March 2022, the us central bank has raised its overnight reference rate by 525 basis points, to the range of 5.25%-5.50%. Now, the expectation is opened so that a brake arrives in that way.
Source: Ambito
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