The Zhitong Finance App learned that a key producer inflation index (PPI), which measures the underlying inflation of US producer prices, unexpectedly fell short of economists' unanimous expectations, further indicating that the rise in energy prices caused by the Iran war and a series of inflationary effects extended by high oil prices are still largely under control. It also shows that before the latest round of Iran war broke out recently, the pressure on market expansion and the early stages of production pipeline construction had been greatly mitigated. Following the unexpected weakening of the CPI data released on Tuesday, PPI data once again confirmed the continued cooling trajectory of inflation, which was dominated by falling energy prices. Traders immediately drastically cut their expectations for the Federal Reserve to restart interest rate hikes in July. Currently, mainstream interest rate hikes in the interest rate futures market have declined sharply from July to December.

The Zhitong Finance App learned that a key producer inflation index (PPI), which measures the underlying inflation of US producer prices, unexpectedly fell short of economists' unanimous expectations, further indicating that the rise in energy prices caused by the Iran war and a series of inflationary effects extended by high oil prices are still largely under control. It also shows that before the latest round of Iran war broke out recently, the pressure on market expansion and the early stages of production pipeline construction had been greatly mitigated. Following the unexpected weakening of the CPI data released on Tuesday, PPI data once again confirmed the continued cooling trajectory of inflation, which was dominated by falling energy prices. Traders immediately drastically cut their expectations for the Federal Reserve to restart interest rate hikes in July. Currently, mainstream interest rate hikes in the interest rate futures market have declined sharply from July to December.