TechFlow news, August 13 — According to Jinshi Data, the U.S. Producer Price Index (PPI) for July rose less than expected, indicating continued easing of inflationary pressures. The data showed that the PPI increased by 0.1% month-on-month in July, below economists' forecast of 0.2%. On a year-on-year basis, the PPI rose 2.2%, also lower than the expected 2.3%. Excluding food and energy, the core PPI remained flat compared to last month, marking the weakest reading in four months.
Against the backdrop of weakening inflationary pressures and soft employment data in July, economists expect the Federal Reserve may begin cutting interest rates starting next month. The closely watched CPI data will be released on Wednesday, which is expected to show a slight increase.
