AI Data Insight
According to the latest provided data, the US July PPI month-over-month growth rate rebounded to 0.3% from -0.1% in the previous month, diverging from the officially announced flat rate (0.0%) and the market expectation of 0.2%. Although energy commodity prices experienced a significant decline, the surge in core service sector costs offset some of the drop. As the path to cooling inflation encounters bumps, the market will reassess the Federal Reserve's subsequent interest rate path.