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TREASURIES-US yields rise on higher-than-expected producer price inflation
Producer prices rose more than anticipated in JulyFed seen likely to cut rates by 25 basis points in SeptemberNew jobless claims fell last weekBy Karen Brettell Aug 14 (Reuters) - U.S. Treasury yields rose on Thursday after data showed that producer prices increased more than expected in July, re...Reuters
Thu, Aug 14
US producer prices accelerate in July as costs of services and goods surge
BLS ends calculation of 350 indexes due to underfundingEconomists expect tariffs to drive up inflation soon WASHINGTON, Aug 14 (Reuters) - U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the monReuters
Thu, Aug 14
Double Reversal? U.S. PPI Soars Beyond Expectations — Is a Fed rate cut still a done deal?
TradingKey - On Wednesday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the latest Producer Price Index (PPI) data: July PPI rose 3.3% year-over-year, far exceeding the expected 2.5% and marking the highest level since February.TradingKey
Thu, Aug 14
US Treasury's Bessent says rate cut could start at 25 basis points
WASHINGTON, Aug 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said conditions now appear more favorable for an interest rate cut, and that the central bank could "start with 25 (basis points) and then accelerate." "The conditions now are slightly more favorable for a c...Reuters
Thu, Aug 14
India trade deficit hits eight-month high in July ahead of US tariff hikes
July trade gap at $27.35 bln, highest in 8 months US shipments up 21.6% in April-July Imports surge on crude, gold, pre-festival demandTrump to raise tariffs on Indian goods to 50% in AugBy Manoj Kumar and Nikunj Ohri NEW DELHI, Aug 14 (Reuters) - India's merchandise trade deficit hit an eigh...Reuters
Thu, Aug 14
INSTANT VIEW-US producer prices surge more than expected
NEW YORK, Aug 14 (Reuters) - U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead.The producer price index for final demand jumped 0.9% last month after being unchanged in June, the Lab...Reuters
Thu, Aug 14
TREASURIES-US yields rise after hotter than expected producer price data
Aug 14 (Reuters) - U.S. Treasury yields rose on Thursday after data showed that producer prices rose in July more than economists had expected.Core producer prices rose 0.9% last month for an annual gain of 3.7%. Economists polled by Reuters had projected a 0.2% monthly gain, and an annual increase ...Reuters
Thu, Aug 14
Traders of rate futures pare Fed rate cut bets after economic data
Aug 14 (Reuters) - Traders erased what had been small but rising bets on a jumbo-sized half-point interest rate cut next month by the Federal Reserve after economic data Thursday showed a stronger-than-expected increase in wholesale prices last month and a drop in new jobless claims last week.Trader...Reuters
Thu, Aug 14
US weekly jobless claims fall amid low layoffs
WASHINGTON, Aug 14 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week amid low layoffs, but a reluctance by businesses to boost hiring because of softening domestic demand could drive the unemployment rate to 4.3% in August. Initial claims for state une...Reuters
Thu, Aug 14
US annual PPI jumps to 3.3% in July vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 3.3% on a yearly basis in July, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.4% increase recorded in June and surpassed the market expectation of 2.5% by a wide margin.Fxstreet
Thu, Aug 14
