U.S. PPI for June slightly higher than expected

Jinshi Data News on July 12th, the rise of PPI in the United States in June was slightly higher than expected, because the profit margin of service providers has risen, which far outweighs the decline in commodity costs. Data released by the US Bureau of Labor Statistics last Friday showed that the Producer Price Index (PPI) rose 0.2% from the previous month and 2.6% year-on-year. Last night, CPI, which is more closely followed, saw its first decline since the outbreak of the new crown epidemic, pushing the Fed onto the path of starting to cut interest rates as early as September.

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