The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
Question
The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
Direct answer
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY. — bearish pressure on DXY.
- Original publisher
- Market Ontology
- Evidence through
- 2026-08-13
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through”, revision 1, evidence through 2026-08-13. https://marketontology.com/catalysts/2026-08-13/the-u-s-labor-department-says-producer-prices-were-unchanged-in-july-as-investor-327287
| Asset | Direction | Timeframe | Channel | Score |
|---|---|---|---|---|
| DXY | ▼Bear | Intraday | Macro Repricing | 55 |
| NQ | ▲Bull | Intraday | Macro Repricing | 53 |
| ES | ▲Bull | Intraday | Macro Repricing | 53 |
| US10Y | ▼Bear | Intraday | Macro Repricing | 51 |
The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY. — bearish pressure on DXY.
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- SummaryThe PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- DXYDirect directional or hedged short
- DXY put spreadDefined-risk expression with capped premium outlay
Illustrative, not advice
- Crowded positioning may already reflect the move
- Counter-catalyst could neutralize the thesis before window closes
- Fed officials or competing data may reframe the print
- DXY closes above pre-catalyst level on rising volume
- Catalyst narrative is officially walked back or contradicted
- Cross-asset confirmation (rates / FX / vol) reverses direction
- DXY price vs. pre-event level
- DXY volume vs. 20-day average
- 2Y/10Y Treasury yield direction
- DXY direction
- Fed funds futures repricing
The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY. — bullish pressure on NQ.
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- SummaryThe PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- NQDirect directional exposure
Illustrative, not advice
- Crowded positioning may already reflect the move
- Counter-catalyst could neutralize the thesis before window closes
- Fed officials or competing data may reframe the print
- NQ closes below pre-catalyst level on rising volume
- Catalyst narrative is officially walked back or contradicted
- Cross-asset confirmation (rates / FX / vol) reverses direction
- NQ price vs. pre-event level
- NQ volume vs. 20-day average
- 2Y/10Y Treasury yield direction
- DXY direction
- Fed funds futures repricing
The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY. — bullish pressure on ES.
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- SummaryThe PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- ESDirect directional exposure
Illustrative, not advice
- Crowded positioning may already reflect the move
- Counter-catalyst could neutralize the thesis before window closes
- Fed officials or competing data may reframe the print
- ES closes below pre-catalyst level on rising volume
- Catalyst narrative is officially walked back or contradicted
- Cross-asset confirmation (rates / FX / vol) reverses direction
- ES price vs. pre-event level
- ES volume vs. 20-day average
- 2Y/10Y Treasury yield direction
- DXY direction
- Fed funds futures repricing
The U.S. Labor Department says producer prices were unchanged in July as investors gauge tariff pass-through
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY. — bearish pressure on US10Y.
The PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- SummaryThe PPI surprise lifts S&P 500 and Nasdaq 100 futures while easing pressure on the U.S. 10-year yield and DXY.
- US10YDirect directional or hedged short
Illustrative, not advice
- Crowded positioning may already reflect the move
- Counter-catalyst could neutralize the thesis before window closes
- Fed officials or competing data may reframe the print
- US10Y closes above pre-catalyst level on rising volume
- Catalyst narrative is officially walked back or contradicted
- Cross-asset confirmation (rates / FX / vol) reverses direction
- US10Y price vs. pre-event level
- US10Y volume vs. 20-day average
- 2Y/10Y Treasury yield direction
- DXY direction
- Fed funds futures repricing
What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| ES | Bullishdisagreed | 72.22 2026-08-13 | +0.19% | -0.10% | -5.12% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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