“The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the US Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month increase since rising 3.4 percent in February 2025,” says the BLS’s monthly wholesale inflation report. EJ Antoni had ONE job, lol.
Dow Jones economists had expected just 0.2 percent, per CNBC, who also report that stock futures are taking a beating and the two-year Treasury yield is up 1 basis point to 3.693 on the news.