US PPI final for June demand YoY 1.7% versus 1.6% estimate

Author: Greg Michalowski | Category: News

US PPI for June

  • US PPI YoY, 1.7% versus 1.6% estimate. 1.8% last month
  • US PPI Ex food and energy 2.3% versus 2.1% estimate. 2.3% last month
  • US PPI ex food, energy and trade, 2.1% versus 2.3% last month
  • PPI final demand MoM, 0.1% versus 0.0% estimate.  0.1% last month
  • PPI ex food and energy MoM, 0.3% versus 0.2% estimate. 0.2% last month
  • PPI ex food, energy, trade MoM 0.0% versus 0.2% estimate. 0.4% last month
The data is a little better than expectations. It will still not prevent the Fed from cutting rates at the July meeting.

US ppi ex food and energy YoY
The premarket for stocks are down a little lower
  • Dow is up 75 points
  • S&P, up 6.5
  • Nasdaq up 14.72 points
The S&P is looking to open above 3000 today a close above that level would be a record close for the index.  The Nasdaq and Dow closed at record levels yesterday.

THe US yields are marginally higher now after being down -1 to -2 bps earlier.

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