In June, wholesale inflation in the U.S. held steady, with the Producer Price Index (PPI) showing no month-on-month change. The latest report revealed that annual PPI inflation softened to 2.3%, below the expected 2.5%. Despite the ongoing concerns regarding tariffs, which have raised costs for goods, the stability in producer prices signals a controlled inflation environment. This has led to speculation of potential interest rate cuts by the Federal Reserve. Major indices responded positively to the unexpected inflation data, although there are concerns arising from a decline in travel spending and the overall increase in goods costs.