#HotJulyPPI

🚨 Markets are on alert ahead of Powell's speech in Jackson Hole with a surprise in inflation data

Markets are preparing for the keynote address that Federal Reserve Chairman Jerome Powell will deliver at the Jackson Hole symposium next week, a speech that could set the tone for monetary policy in the fall.

New economic data has complicated the Federal Reserve's path. The Producer Price Index (PPI) rose by 0.9% month-on-month in July, marking its largest increase in three years, while it increased by 3.3% year-on-year. These unexpected figures have raised concerns among investors who were betting on sharp rate cuts later this year.

Inflation pressures remain

Despite the slowdown in the core Consumer Price Index, the ongoing rise in core inflation and wholesale prices indicate that price pressures are still present. This has raised questions about the Federal Reserve's ability to ease its policies without reigniting inflation risks.

Markets are adjusting to changing interest rate expectations

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