Rate cut expectations suffer a heavy blow! US July PPI surprises on the upside, with a month-on-month increase of 0.9%, the largest growth in three years.

According to the Wise Finance APP, just now, the market's expectations for a rate cut by the Federal Reserve for the remaining time this year have suffered a major blow. The US PPI inflation data released on Thursday evening Beijing time showed an unexpected acceleration in July PPI on a month-on-month basis, unexpectedly reaching the largest increase in three years, indicating that companies are passing on higher import costs related to tariffs. With the Trump administration's tariff policy gradually beginning to have a significant impact on inflation, US CPI, PPI, and PCE inflation data may be moving towards a new upward trajectory.