July US producer prices rose 4.7% year-over-year, below the 4.9% consensus, while 30-year Treasury yields surged to their highest since 2001.
US producer prices in July increased 4.7% year-over-year, missing the 4.9% consensus estimate. Volatile trade and transportation services weighed on the headline reading, though broader services price pressures remained firm. Core goods and energy prices aligned with expectations, while weekly jobless claims showed mixed signals with lower continuing claims but higher initial filings.