US July PPI 4.7% y/y vs 4.9% expected
Prior was 5.5% PPI m/m 0.0% vs +0.2% exp PPI ex-food and energy +0.2% m/m vs +0.3% exp PPI ex-food and energy +4.2% y/y vs 4.2% exp Prior ex-food and energy +4.7% This is more evidence for a softer PCE inflation report later in the month and is a negative for the US dollar, which
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