PPI print, consumer sentiment data: What to watch

The Producer Price Index (PPI) will be released on Friday morning, which will give a further read on inflation after today's CPI report. The University of Michigan's preliminary reading on consumer sentiment will also be released on Friday. Yahoo Finance's Seana Smith breaks down what to watch.

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Video transcript

SEANA SMITH: Time for "What to Watch" on Friday. We'll get another read on inflation, this time at the wholesale level. The producer price index is at 8:30 AM Eastern time, excluding food and energy economists, expect July prices to climb 2/10 of a percent on a month-over-month basis and up 2.3% from a year ago.

We'll also get the University of Michigan's preliminary reading on consumer sentiment. The index is expected to edge lower after climbing two months in a row. July's print, the highest in nearly two years, was largely attributed to cooling inflation and also a resilient labor market.