UNITED STATES PRODUCER PRICE INDEX DATA FOR AUGUST: Headline PPI: - 5.4% YoY vs. 5.3% expected - 0.4% MoM vs. 0.4% expected Core PPI: - 4.6% YoY vs. 4.6% expected - 0.2% MoM vs. 0.3% expected Not massively above expectations but obviously not the best, market doesn’t like it as yields continue going higher and stocks go red.
