Highlights
US producer prices are due at 8:30 am ET. Expectations call for PPI-FD up 0.2 percent on the month with ex-food & energy up 0.3 percent and ex-food, energy, and trade services up 0.2 percent. After a big relief on Wednesday with an as-expected consumer price report, investors are hoping for more of the same today. Expectations for a 25 basis point rate increase from Federal Reserve in September fell from about 50 percent before the CPI to about 36 percent now. The October meeting is more of a toss-up.
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