#美7月PPI年率高于预期# The U.S. Bureau of Labor Statistics recently released July's Producer Price Index (PPI) data, which significantly exceeded expectations, raising market concerns about inflation and adding uncertainty to the Fed's future interest rate cut decisions.

Specifically, the PPI in the U.S. rose by 0.9% month-on-month in July, a significant increase that far exceeded market expectations and marked the largest rise since June 2022. Following the data release, traders quickly adjusted their expectations for a rate cut by the Fed in September, reducing their bets on a September rate cut and abandoning expectations that the cut could reach 50 basis points.
At the same time, recent remarks by Fed officials have further weakened the market's expectations for interest rate cuts. San Francisco Fed President Daly stated in an interview that she does not support a significant 50 basis point rate cut at the September meeting. St. Louis Fed President Bullard also indicated that the current economic conditions and data do not support a 50 basis point rate cut.