The U.S. Bureau of Labor Statistics released data on Thursday showing that the U.S. July PPI year-on-year was 3.3%, expected 2.5%, previous value 2.3%. The U.S. July PPI month-on-month was 0.9%, expected 0.2%, previous value 0%. The U.S. July core PPI year-on-year was 3.7%, expected 3%, previous value 2.6%. The U.S. July core PPI month-on-month was 0.9%, expected 0.2%, previous value 0%.
After the data was released, the three major U.S. stock index futures quickly fell, with Nasdaq futures down 0.36% for the day, S&amp;P 500 index futures down 0.35%, and Dow futures down 0.29%. The U.S. dollar index rose sharply in the short term, up 0.21% for the day. Spot gold slightly declined, down 0.32% for the day.
Traders reduced bets on the Federal Reserve cutting interest rates in September.
Updating

- The U.S. Bureau of Labor Statistics reported that July's PPI rose 3.3% year-on-year, exceeding expectations of 2.5%.  
- Following the data release, U.S. stock index futures declined, with the Nasdaq down 0.36% and the S&P 500 down 0.35%.  
- Traders reduced bets on a Federal Reserve interest rate cut in September.  

Inflation "explodes"! The U.S. July PPI increased by 3.3% year-on-year, the largest increase in three years, with core PPI rising by 3.7% year-on-year