The morning's shocking 0.9 percent rise in US PPI-FD in focus, far above the 0.2 percent expected for July, forcing investors to grapple with an unexpected inflation problem just when everyone was looking for rate cuts from the Federal Reserve. PPI-FD ex-food and energy also rose an extraordinary 0.9 percent on the month. The increase was powered by final demand services up 1.1 percent, and final demand goods up 0.7 percent on the month!
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
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