Futures Drop on Hot PPI, Fed's Monetary Policy Concerns

Futures Decline on Inflation Data

U.S. stock futures fell following hotter-than-expected July Producer Price Index (PPI) data, indicating rising inflation. The PPI for services and goods exceeded forecasts, raising concerns about the Federal Reserve’s next steps in monetary policy.

Labor Market Insights

Jessica Kriegel discussed the latest labor market trends, highlighting the ongoing challenges amid inflationary pressures. The data suggests potential implications for employment and wage growth as the Fed prepares to respond to economic signals.