US annual PPI at 1.7% in August, stocks edge higher
Investing.com -- S&P 500 and Nasdaq 100 futures are up around 0.17% and 0.15%, respectively, in premarket trading on Thursday after the release of the U.S. Producer Price Index (PPI) for August, which indicated a higher-than-anticipated increase in prices.
The U.S. Bureau of Labor Statistics (BLS) announced that the PPI, excluding food and energy, remained unchanged in August, coming in at 2.4%, compared to the consensus estimate of 2.5%.
The data also showed that PPI month-on-month in August was 0.2%, above the estimate of 0.1%, while core PPI MoM was 0.3%, above the consensus estimate of 0.2%. Meanwhile, PPI YoY in August was 1.7%, below the consensus expectation of 1.8%.
The data suggests that while inflationary pressures have been somewhat resilient, the spike experienced in the second quarter has continued to work its way down.
On Wednesday, U.S. inflation data showed consumer prices rose by 2.5% over the 12 months to August, marking the slowest pace since February 2021. It was down from 2.9% in July.
Following Wednesday's inflation data, analysts at Citi indicated that the latest inflation figures might prompt the Fed to cut rates by 25bp rather than 50bp, while Morgan Stanley (NYSE:MS) said it also sees a 25bp cut.
Related Articles
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-powered
Meta 2Q25 Earnings Preview
Meta currently trades at just 27x PE as its current state of ad business is solid. However, investors want to see whether the large spending on both infrastructure and talent actually moves the needle for the AI initiatives.
Apple Q3 FY2025 Earnings Preview: Navigating Tariff Pressures, iPhone Resilience, and AI Integration
TradingKey - Apple Inc. (NASDAQ: AAPL) is set to report its Q3 FY2025 earnings on Thursday, July 31, 2025, after the U.S. market closes. The earnings call, featuring CEO Tim Cook and CFO Kevan Parekh, will commence at 2:00 p.m. Eastern Time, providing shareholders and analysts with updates on overal
Stablecoins: Overview and Their Influence on U.S. Equity and Treasury Markets
TradingKey - The U.S. government endorses stablecoins with three primary goals. First, to reinforce the dollar's dominance: as most stablecoins are tied to the dollar, they significantly bolster its global standing.
