- The markets are slightly down today as the Producer Price Index for July came in higher than expected. The markets have been on a tear as the economy has slowed, and the odds of a Fed rate cut have improved. https://lnkd.in/gGXPYc3F
- The Nasdaq and S&P 500 notch new records — 5 Notes
- The markets are increasingly betting the Fed will start to cut rates in September.
- July inflation ticked up but grew less than expected.
- The jobs market is slowing.
- Inflation data shows that tariffs are having a much more limited impact than anticipated.
- The PPI will be released today and will shed more light on inflation.