The US July PPI increase was lower than expected, and economists expect the Federal Reserve to start a series of interest rate cuts starting in September.

Odaily Odaily News: U.S. producer prices rose less than expected in July, highlighting the continued easing of inflationary pressures. Data released on Tuesday showed that the PPI index, which represents final demand, rose 0.1% from the previous month. The median forecast of the agency's survey of economists was an increase of 0.2%. In addition, compared with a year ago, the PPI rose 2.2%. Excluding the more volatile food and energy categories, the PPI in July was the same as the previous month, the mildest reading in four months. The more closely watched CPI data will be released on Wednesday, and the index is expected to show a slight increase. Against the backdrop of fading inflationary pressures, weak employment data in July prompted economists to expect the Federal Reserve to implement a series of interest rate cuts starting next month. (Jinshi)