U.S. producer-price inflation unexpectedly eased in June, with core PPI (ex-food and energy) up 4.7% YoY and 0.2% MoM, the Bureau of Labor Statistics said on Wednesday; headline PPI rose 5.5% YoY. The data suggest effects from the Iran-related conflict remain, to some extent, contained. Separately, the New York Fed said its manufacturing business conditions index recovered in July as new orders and shipments increased, and the employment indicator reached its highest level since Dec 2022. Prices

U.S. producer-price inflation unexpectedly eased in June, with core PPI (ex-food and energy) up 4.7% YoY and 0.2% MoM, the Bureau of Labor Statistics said on Wednesday; headline PPI rose 5.5% YoY. The data suggest effects from the Iran-related conflict remain, to some extent, contained. Separately, the New York Fed said its manufacturing business conditions index recovered in July as new orders and shipments increased, and the employment indicator reached its highest level since Dec 2022. Prices-paid measures pulled back but stayed elevated, and firms’ expectations for future input and selling prices declined.