PPI Unchanged, Defying Inflation Expectations | JQJO

June's producer price index (PPI) remained unchanged, defying expectations of a 0.2% increase. Core PPI also mirrored this trend. While final demand goods prices rose 0.3%, this was offset by a decline in services. Year-over-year, headline PPI increased 2.3%, and core PPI rose 2.6%, both below May's figures. Despite annual inflation exceeding the Federal Reserve's 2% target, markets anticipate no immediate interest rate cuts, with the Fed maintaining a cautious stance on tariffs' impact.