US manufacturing inflation data - lower than expected, positive for markets.
- US core PPI (July) - 0.0% with a forecast of 0.2% and a previous figure of 0.3%.
- PPI (July) - 0.1% with a forecast of 0.2% and a previous figure of 0.2%.
The same#BTCresponded with growth, albeit very local. But overall, the data is a positive signal for the macroeconomy. It increases the likelihood of a rate cut by the US Federal Reserve in September. Because it indicates a decrease in inflation in the manufacturing sector. Plus, as a leading indicator, it promises positive consumer inflation data for August.
Forecast from#CMEGroupfor the Fed's decision in September:
- 0% - there will either be a pause or a decrease of 0.25 percentage points.
- 52.5% - there will be a decrease of either 0.25 percentage points or 0.5 percentage points (on August 2 it was 30.5%).
- 47.5% - there will be a decrease of either 0.5 percentage points or 0.75 percentage points (on August 2 it was 69.5%).
That is, since the beginning of August, there have been fewer optimists regarding the rate of decline. But no one is expecting a pause at all. Especially after the market decline on August 5. After which, by the way, contrary to expectations, there was no extraordinary rate cut.