US PPI for July 3.3% YoY vs 2.5% estimate. MoM 0.9% vs 0.2% estimate

  • Prior month 2.3% YoY. MoM 0.0%
  • PPI MoM 0.9% vs 0.2% est
  • PPI ex food and energy MoM 0.9% vs 0.2% estimate. Last month 0.0%
  • PPi YoY 3.3% vs 2.5% estimate. Last month 2.3%
  • PPI ex food and energy 3.7% vs 2.9% estimate. Last month 2.6%
  • PPI ex food and energy and trade YoY2.8% vs 2.5% last month
  • PPI ex food and energy and trade 0.8% vs 0.0% last month.
  • Final demand services rose 1.1% vs -0.1% last month
  • Final demand goods rose 0.7% vs 0.3% last month

Looking at the Fed expectations.

  • 58 basis points of cuts between now and the end of year vs 63 prior to the report

IN the US debt market:

  • 2 year 3.713% +2.9 basis points
  • 10 year 4.248% +0.6 basis points
  • 30 year 4.827%, -0.1% basis points

This article was written by Greg Michalowski at investinglive.com.