In a surprising turn, US wholesale inflation fell for the first time in four months, bolstering speculation that the Federal Reserve may soon cut interest rates. The producer price index dropped 0.1%, with previous months' figures also revised down.
In June, U.S. producer prices remained unchanged, despite rising costs in certain sectors due to tariffs. This stability could pave the way for potential interest rate cuts by the Federal Reserve later this year.
China's producer deflation hits its worst level in nearly two years, with consumer prices also declining. The economy struggles amid trade tensions and weak domestic demand, raising expectations for policy stimulus.
China's consumer prices have fallen for the fourth straight month, raising concerns about the effectiveness of Beijing's stimulus measures. With price wars in the auto industry and a deepening deflation in producer prices, experts warn that domestic demand must be revived to combat economic stagnation.
