The US PPI data for July fell short of expectations, which contributed to the further decline in energy and food costs. The PPI report followed consumer price data — the latter showed that inflation was slowing, further confirming the signs that the energy shock at the beginning of the war was continuing to subside. Recently, however, the situation in the Middle East has once again heated up, raising concerns about stubborn inflation. Federal Reserve officials will also receive additional consumer and producer price data and another labor market report before the next policy decision in mid-September. Currently, policymakers need to balance continued inflationary pressure with the recent slowdown in recruitment. There are also several sub-items in the PPI that the Federal Reserve is particularly concerned about because they will include its preferred inflation indicator — the personal consumption expenditure price index. The signals given by these segments are mixed. Portfolio management fees recorded the biggest increase in more than a year, and hospital outpatient care costs also rose sharply, while doctors' services and hospital inpatient care prices showed moderate performance.

The US PPI data for July fell short of expectations, which contributed to the further decline in energy and food costs. The PPI report followed consumer price data — the latter showed that inflation was slowing, further confirming the signs that the energy shock at the beginning of the war was continuing to subside. Recently, however, the situation in the Middle East has once again heated up, raising concerns about stubborn inflation. Federal Reserve officials will also receive additional consumer and producer price data and another labor market report before the next policy decision in mid-September. Currently, policymakers need to balance continued inflationary pressure with the recent slowdown in recruitment. There are also several sub-items in the PPI that the Federal Reserve is particularly concerned about because they will include its preferred inflation indicator — the personal consumption expenditure price index. The signals given by these segments are mixed. Portfolio management fees recorded the biggest increase in more than a year, and hospital outpatient care costs also rose sharply, while doctors' services and hospital inpatient care prices showed moderate performance.