Small cap Russell futures consolidated following cooler PPI inflation report

Bob Iaccino of Path Trading Partners breaks down price action in September Russell futures as small caps continue to consolidate in a tight range. He discusses the impact of June's wholesale inflation data, which showed the Producer Price Index declining 0.3% month-over-month. Coupled with softer CPI data, the cooling inflation metrics are reducing interest rate expectations, offering relief to rate-sensitive small-cap companies facing floating debt costs.