US Stocks Fall on Higher-than-Expected Inflation
US stocks fell on Friday after the July Producer Price Index (PPI) showed higher inflation than expected. The PPI data revealed that wholesale inflation increased by 0.3% in July, surpassing estimates for a 0.2% rise. The rise in inflation was driven by services, with prices rising by 0.3% compared to the estimated 0.2%. This report follows the release of the July Consumer Price Index (CPI) report, which revealed lower-than-expected consumer inflation.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
