July CPI and more ?3

08:50 13-Aug-26


PPI numbers for July were flat for the headline but rose 0.4% for the Core, versus forecasts for +0.2% and +0.3% respectively.  The market typically doesn't give this report much attention, but it reinforces yesterday's CrowdWisers commentary about the value of specific real world assets, especially as media focuses on the devaluation of money.

On 8/12/26 9:27 AM, Esekla wrote:
CPI numbers for July headlined at +0.1% and the Core came in at +0.2%, both of which were in line with expectations.  The lack of surprise means that FedWatch continues to oscillate around a coin flip for a rate hike in September as the bond market had already priced this in, and for the moment at least, it is understandably weighing the employment situation more heavily.  However, the bounce from June and no end in sight for the war against Iran means affordability issues will continue along with pressure on Warsh.  Again, his Jackson Hole speech anticipated on August 28th looms large.