Hot spot tracking

  • The U.S. July PPI annual rate recorded 3.3%, the highest since February; the July PPI monthly rate recorded 0.9%, the largest increase since June 2022. This news is negative for the dollar.
  • Federal Reserve officials refute expectations of a significant rate cut in September. Daly: A substantial rate cut next month does not seem appropriate; Moussalem: A 50-basis-point cut does not align with the current economic conditions or data. This news is bullish for the dollar.
  • The Federal Reserve's overnight reverse repo facility usage was $28.818 billion, the lowest since April 2021. This news is bullish for U.S. stocks.

Product Hot Comment

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