First Squawk(@FirstSquawk):U.S. WHOLESALE INFLATION DECELERATED IN JULY BY MORE THAN ESTIMATED AS ENERGY AND FOOD COSTS FELL, WITH THE PRODUCER PRICE INDEX RISING 4.7% FROM A YEAR EARLIER AFTER A 5.5% INCREASE IN JUNE AND UNCHANGED MONTH-OVER-MONTH, THOUGH THE U.S. SOLD 30-YEAR BONDS AT THE HIGHEST RATE IN A QUARTER OF A CENTURY IN A SIGN OF INVESTOR DEMAND FOR COMPENSATION TO FINANCE THE DEFICIT.

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First Squawk@FirstSquawk

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U.S. WHOLESALE INFLATION DECELERATED IN JULY BY MORE THAN ESTIMATED AS ENERGY AND FOOD COSTS FELL, WITH THE PRODUCER PRICE INDEX RISING 4.7% FROM A YEAR EARLIER AFTER A 5.5% INCREASE IN JUNE AND UNCHANGED MONTH-OVER-MONTH, THOUGH THE U.S. SOLD 30-YEAR BONDS AT THE HIGHEST RATE IN A QUARTER OF A CENTURY IN A SIGN OF INVESTOR DEMAND FOR COMPENSATION TO FINANCE THE DEFICIT.