Economic Indicators - The yield on the benchmark 10-year Treasury is approaching 4%, with economists expecting consumer prices to rise slightly more than in July, with an annualized rate just under 3% [1] - A surprise drop in wholesale prices (PPI) was reported for August, falling by 0.1%, contrary to consensus estimates which expected an increase [1] Market Reactions - There is anticipation regarding the upcoming CPI report, as it could influence market trends and interest rates [2][4] - Despite the significant PPI data, the market's reaction was surprisingly muted, with notable movements from major companies like Apple [4] Future Projections - If the current trend continues, there may be indications of deflation, but it is too early to make definitive claims [3] - The data suggests that interest rates may continue to decline if similar reports are released in the future [3][5] - The potential for the Federal Reserve to cut rates is being considered, especially if the upcoming data does not contradict current trends [5][6]