Greg Michalowski
Stocks rebounding but still negative as the market digests the PPI data
- Stocks lower after the US PPI data
Pantheon Macroeconomics sees MoM core PCE at 0.26% & the YoY increasing to 2.9% from 2.8%.
- The estimate yesterday was for a gain of 0.23%
The USD moves higher. US stocks lower and bond yields higher
- Higher US PPI brings inflation back to reality
US PPI for July 3.3% YoY vs 2.5% estimate. MoM 0.9% vs 0.2% estimate
- The US PPI data for the month of July
US Treasury Sec. Bessent: Does not know if Putin will agree to ceasefire.
- Treasury Sec.Bessent speaking on Fox
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