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Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.
CNBC anchor Rick Santelli flipped his lid over higher-than-expected inflation numbers, a blow to Trump's crusade for an interest rate reduction.
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
Producer prices jumped in July but may not translate directly into the Fed’s preferred inflation gauge, easing fears of ...
Wall Street is edging back from its record heights after a disappointing report said inflation was worse last month.
However, the Pikes said the significant increase in some ingredients and products essential to making authentic Filipino barbecue and signature dishes has resulted in raising prices for customers by ...
Growth, inflation and jobs data don’t signal rates cuts. Yet the odds of a quarter-point September cut are at just under 100% ...
This article will be updated throughout the day, so check back often for more daily updates. Two days ago, news that US ...
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NDTV Profit on MSNUS Stock Market Today: S&P 500 Retreats From Record High Nasdaq Falls 64 Points On Producer Inflation Data
The S&P 500 and the Nasdaq retreated from record highs on Thursday, after a hotter-than-expected producer prices report ...
A jump in U.S. wholesale prices last month looks to have all but erased the possibility that the Federal Reserve will deliver ...
Wholesale prices increased in July at the quickest pace since February as economists are keeping a sharp eye on inflation data amid President Trump’s trade war. The 0.9-percent monthly increase — ...
U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing ...
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