Markets await August producer prices and weekly mortgage application figures for inflation and housing demand signals.
The Bureau of Labor Statistics will release August Producer Price Index data at 8:30 AM ET, offering insights into wholesale inflation trends. Economists expect a modest increase following July’s 0.1% rise in final demand prices, as supply chain pressures ease but labor costs persist.
Earlier at 7:00 AM ET, the Mortgage Bankers Association publishes its weekly mortgage applications index. Last week’s report showed a 2.8% decline in purchase applications, reflecting higher mortgage rates and cooling housing activity. The data provides an early read on consumer demand amid shifting monetary policy expectations.
Traders will watch both releases closely for clues on Federal Reserve policy, with PPI influencing inflation forecasts and mortgage data gauging economic resilience.