26/07/2024
The recent producer price inflation figures surpassed expectations in January, indicating a 0.3% increase compared to December’s -0.1% and an anticipated 0.1%. This led to an initial rise in the USD, mirroring the response to last week’s consumer price index data, though the currency couldn’t sustain the gains.
The USD and Treasury yields experienced widespread gains after cautious remarks from Fed Waller, who suggested the possibility of interest rate cuts this year if inflation fails to rebound.