US producer prices flat
Digest more
24m
Week99er on MSNIs Mutuum Finance (MUTM) The Top Crypto To Buy As Bitcoin (BTC) Eyes $120K Liquidity Zone as PPI Inflation Cools?Bitcoin (BTC) is demonstrating remarkable resilience near $119,000. This strength follows cooler-than-anticipated US Producer Price Index (PPI) data. June's PPI rose just 2.3% year-on-year, exceeding expectations for a slowdown.
US PPI data stayed unchanged in June, marking a surprising pause in inflation after a 0.3% rise in May. The latest Producer Price Index (PPI) data from the Bureau of Labor Statistics came in softer than expected,
1don MSN
US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods.
US PPI data undershoots, supporting Treasury market but notable steepening in yield curve. Markets volatile after report Trump discussed firing Fed Chair Powell, but then he walked it back
Bitcoin price action coils beneath an increasingly thick cloud of liquidity as PPI inflation cools beyond expectations in June. Bitcoin price targets include taking liquidity at around the $120,000 mark. US PPI inflation cools beyond expectations, providing relief after the hot CPI print the day prior.
US Treasury yields declined today, July 16, after the release of producer price index (PPI) data, though long-term yields remained above the 5% mark.
The Labor Department reported Wednesday that its producer price index was unchanged last month from May after rising 0.3% the previous month. June wholesale prices rose 2.3% from a year earlier, the smallest year-over-year gain since September. Both measures came in below what economists had expected.
The Pound Sterling (GBP) attracts bids against its major peers on Wednesday after the release of a hotter-than-projected United Kingdom (UK) Consumer Price Index (CPI) data for June. Read More... The GBP/USD pair ticks higher during the Asian session on Wednesday,
Gold prices fell on Thursday, July 17, as the US dollar strengthened, impacting the commodity's appeal. On MCX, gold price slipped by Rs 610 per 10 gm to Rs 97,178 against the previous close of Rs 97,
Gold gained on Wednesday on a softer dollar, while investors awaited more clarity on trade talks between the U.S. and its trading partners, with another inflation print due that could give further guidance on U.
Bets on a June cut were dialed down to 3% following the CPI report, from above 6% one day earlier, while chances of a September cut declined to 54% from above 60% a day before and nearly 70% in the previous week.