Services Drive PPI Increase June’s PPI rise was primarily attributed to a 0.6% increase in prices for final demand services. The surge was largely due to a 1.9% jump in…
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Michigan Consumer Sentiment Drops To 66.0, Missing Analyst Expectations
Current Economic Conditions decreased from 65.9 in June to 64.1 in July, while Index of Consumer Expectations declined from 69.6 to 67.2. Year-ahead inflation expectations declined to 2.9%. Long-run inflation…
June Inflation Drop Hints at Fed Rate Cut, Core Inflation Lowest Since 2021
Factors Influencing Inflation A significant factor in June’s reduced inflation was a 3.8% decrease in gasoline prices. This decline offset the 0.2% increases in both food prices and shelter costs.…
EIA Natural Gas Storage Build Of +65 Bcf Exceeds Analyst Expectations
Weather forecasts indicate that demand for natural gas will stay strong in the next seven days. However, hot weather does not provide support to prices due to rising production and…