Biggest PPI Drop Since 2023 | S3 E154 | 07-15-26

Markets with Megan: A Quick Financial Markets Update · Jul 15, 2026 · 3m · transcript

The Producer Price Index for June came in much better than expected, with the headline number falling 0.3% instead of holding flat, the biggest monthly decline since October 2023. So what drove the drop? How does it compare to yesterday's CPI report? Why does the softer core reading still leave the Fed with a decision to make?

This matters right now because the Fed is weighing whether to hold steady or move again in September, and this report cuts both ways. Energy prices did a lot of the work on the headline number, while core inflation is still stuck above 5% year over year, and rising…