By Karen Brettell
NEW YORK, Aug 13 (Reuters) - The U.S. dollar was mixed on Thursday after data showed that producer prices were unchanged in July, leading traders to further pare bets on a September Federal Reserve interest rate hike.
The flat reading in the Producer Price Index for final demand last month followed a revised 0.1% drop in June. Economists polled by Reuters had forecast the PPI rebounding 0.2%.
It comes after Wednesday's consumer price inflation report showed that U.S. consumer prices barely increased last month.
Noel Dixon, senior macro strategist at State Street, said the components of Thursday's report that feed into the personal consumption expenditures data due later this month suggest that the report "should be pretty good."
#month #report #reuters #data
NEW YORK, Aug 13 (Reuters) - The U.S. dollar was mixed on Thursday after data showed that producer prices were unchanged in July, leading traders to further pare bets on a September Federal Reserve interest rate hike.
The flat reading in the Producer Price Index for final demand last month followed a revised 0.1% drop in June. Economists polled by Reuters had forecast the PPI rebounding 0.2%.
It comes after Wednesday's consumer price inflation report showed that U.S. consumer prices barely increased last month.
Noel Dixon, senior macro strategist at State Street, said the components of Thursday's report that feed into the personal consumption expenditures data due later this month suggest that the report "should be pretty good."
#month #report #reuters #data
2 months ago
