#HotJulyPPI 📉The Producer Price Index (PPI) in the United States recorded a 0.9% increase in July, exceeding expectations and marking its largest monthly rise in three years. This rebound was primarily due to an increase in service margins, particularly in wholesale and retail, with a 2% rise in machinery and equipment trade.

*Key Details:*

- *Monthly Increase*: 0.9% in July, higher than expected

- *Annual Increase*: 3.3% year-over-year

- *Service Component*: 1.1% increase, the largest since March 2022¹

*Market Impact:*

- The rise in the PPI raised doubts about future interest rate cuts by the Federal Reserve.

- The dollar surged strongly in the markets, rising by 0.9% compared to the previous month.

- U.S. stock indices opened in the red, with the Dow Jones down 0.34%, the S&P 500 down 0.27%, and the Nasdaq down 0.16%.