Tidbits, PPI & Inflation, Ukraine, Brazilian Corn, Weather, Export Sales 8/15/25
- Wright team
- Aug 15
- 4 min read
Tidbits
Inflation: The U.S. Bureau of Labor Statistics reported the July producer price index (PPI) increased 0.9% from June, the largest one month advance since pandemic consumer inflation peaked in June 2022. The market was expecting a 0.2% increase.
Many economists and politicians say the increased pace of inflation at the wholesale level of the economy reflects the cost of Trump's tariffs. In any case, wholesale inflation will soon find its way into the retail market as wholesalers are going to pass the extra expense on to the retailers and they will do the same to the consumers. This inflation news diminishes the chances of an interest rate reduction in September.
Ukraine: President Trump said he believes President Putin is ready to end the war in Ukraine but that peace would likely require at least a second meeting involving Ukraine's leader. That was Trump's first comment early yesterday about the potential success when the two meet this evening in Alaska. Trump's comments throughout the day clearly indicated he was backing away from his positive attitude about success of the summit on many issues to perhaps no progress at all. Crude oil prices were up more than a dollar yesterday as it became clear the chances of U.S. sanctions on countries which buy Russian crude and wheat are less likely to be curtailed as a result of today's summit in Alaska.
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