Intelligence Feed event · Macro · 2026-08-14

    U.S. producer prices were unchanged in July, reinforcing bets the Fed will hold rates in September

    Question

    U.S. producer prices were unchanged in July, reinforcing bets the Fed will hold rates in September

    Direct answer

    The softer PPI reading is supportive for **2-year Treasury yields**, **S&P 500 futures**, and **USD/JPY**.

    Original publisher
    Market Ontology
    Evidence through
    2026-08-14
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “U.S. producer prices were unchanged in July, reinforcing bets the Fed will hold rates in September”, revision 1, evidence through 2026-08-14. https://marketontology.com/market-events/2026-08-14/u-s-producer-prices-were-unchanged-in-july-reinforcing-bets-the-fed-will-hold-ra-0f565d

    MACRO
    U.S. producer prices were unchanged in July, reinforcing bets the Fed will hold rates in September
    The softer PPI reading is supportive for **2-year Treasury yields**, **S&P 500 futures**, and **USD/JPY**.
    US2YES1!USDJPY
    Impact
    79
    AUG 14
    SIG
    US2YES1!USDJPY
    U.S. producer prices were unchanged in July, reinforcing bets the Fed will hold rates in September
    The softer PPI reading is supportive for **2-year Treasury yields**, **S&P 500 futures**, and **USD/JPY**.
    Impact
    The softer PPI reading is supportive for **2-year Treasury yields**, **S&P 500 futures**, and **USD/JPY**.
    Affected
    US2YES1!USDJPY
    Source facts

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    US2Yflat producer prices reduce expectations for near-term Fed tightening and pressure 2-year Treasury yieldsDownintradayU.S. producer prices were unchanged in July and the annual PPI rate eased to 4.7% from 5.5%
    ES1!lower inflation and reduced rate expectations support equity valuations and lift S&P 500 futuresUpintradaywholesale inflation was flat in July, reinforcing expectations that the Fed will hold rates in September
    USDJPYlower U.S. yields reduce the dollar's yield advantage over the yen and pressure USD/JPYDownintradayflat July PPI reinforced bets that the Fed will hold rates in September

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

    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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