The PPI in the U.S. in July rose less than expected, and economists anticipate that the Federal Reserve will begin a series of rate cuts starting in September

ChainCatcher news, according to Jinshi news, the producer price increase in the United States in July was lower than expected, highlighting the continued easing of inflationary pressures. Data released on Tuesday showed that the PPI index, representing final demand, rose by 0.1% from the previous month. The median forecast in a survey of economists was for a growth of 0.2%. Additionally, compared to a year ago, the PPI increased by 2.2%. Excluding the volatile food and energy categories, the July PPI was flat compared to the previous month, marking the mildest reading in four months.

The more closely watched CPI data will be released on Wednesday, and it is expected that this index will show a slight increase. Against the backdrop of easing inflationary pressures, the weak employment data in July has led economists to expect that the Federal Reserve will begin a series of interest rate cuts starting next month.