US stock market = rise, September interest rate cut observations increase due to slow PPI growth

8/14/2024 6:55 AM GMT+9 (some excerpts)

The US stock market rose and closed. In response to the slowdown in growth in the wholesale price index (PPI) in July, the view that the US Federal Reserve (FRB) will cut interest rates in September has strengthened.
PPI (goods and services for final demand) in July rose 0.1% from the previous month (seasonally adjusted) and 2.2% from the previous year, and both growth slowed from the previous month. It was shown that price pressure was moderating.
Market interest will shift to the consumer price index (CPI) announced on the 14th and retail sales on the 15th.