AI Data Insight
The seasonally adjusted US services PPI for the third quarter of 2026 (July) climbed to 155.715, up slightly by about 0.26% from the previous value of 155.314. Although services prices showed stickiness due to a significant increase in portfolio management fees, the overall PPI month-over-month growth rate remained flat, dragged down by falling energy and goods prices, which was below the market expectation of 0.2%. This data reinforces the market's optimistic expectation that the Federal Reserve will maintain policy flexibility or initiate easing in the near term.