[Institution: PPI Data Supports Fed Maintaining Current Policy Stance] Jin10 News, July 16 – Stephen Coltman, Head of Macro Research at 21Shares, stated in a report that the U.S. June PPI data released on Wednesday might satisfy the Federal Reserve. The data further confirms the inflation slowdown trend reflected by the earlier CPI figures, which came in below market expectations. He said: 'Unless the Middle East situation escalates and triggers further conflict, the Federal Reserve is likely to believe that the current level of monetary policy tightening is sufficient to gradually bring inflation back to the Federal Open Market Committee (FOMC)'s target level.'