June PPI Data Supports Fed's Current Policy Stance, Says 21Shares Analyst

According to 21Shares macro research chief Stephen Coltman on July 16, the U.S. June PPI data released Wednesday likely satisfies the Federal Reserve. The data further confirms the inflation slowdown trend reflected in prior CPI data that came in below market expectations. Coltman stated that the Fed should view the current monetary policy stance as sufficiently restrictive to support inflation gradually returning to the Federal Open Market Committee's target level.
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