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PPI Falls 0.3%, Yields Slip as Fed Fights Inflation

7/16/2026

46 8 Full Breakdown

Summary

Story summary

PPI for demand fell 0.3% in June, beating expectations of no change.
Treasury yields slipped, with the 10-year down 3.17 points to 4.553% and 30-year to 5.0896%.
Dollar index dropped 0.36% to 100, lifting euro 0.37% to $1.1461.
U.S. crude settled at $79.60 a barrel and Brent at $84.95 despite U.S. strikes on Iranian defenses.
Fed Chair Kevin Warsh reiterated his commitment to fight inflation during his second congressional appearance.

History

Historical Context

In 1979 President Carter appointed Paul Volcker as Fed chairman. Facing 1970s inflation, Volcker raised the federal funds rate, which peaked at 20% in June 1981, driving the 1980-82 recession and cutting inflation from 14.8% in March 1980 to below 3% by 1983. His aggressive stance remains a benchmark for today’s policymakers.

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Story summary

PPI for demand fell 0.3% in June, beating expectations of no change.
Treasury yields slipped, with the 10-year down 3.17 points to 4.553% and 30-year to 5.0896%.
Dollar index dropped 0.36% to 100, lifting euro 0.37% to $1.1461.
U.S. crude settled at $79.60 a barrel and Brent at $84.95 despite U.S. strikes on Iranian defenses.
Fed Chair Kevin Warsh reiterated his commitment to fight inflation during his second congressional appearance.

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