Lower-Than-Expected Inflation in July Could Lead to Fed Rate Cuts 🤑
The U.S. Producer Price Index (#PPI ) for July rose by just 0.1%, lower than expected, reflecting continued easing of inflationary pressures.
Year-over-year, PPI increased by 2.2%, also below forecasts. With #inflation slowing and weak employment data, economists predict the Federal Reserve may start cutting interest rates as early as next month.
The upcoming Consumer Price Index (#CPI ) report is expected to show a slight increase.
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