US EditionWall Street Is Coasting Toward the Finish of a Record-Setting Week
Producer prices rose 0.9% in July and 3.3% annually, the largest increases in over a year, complicating expectations for Federal Reserve interest rate cuts, officials said.
- The producer prices rose sharply in July, federal data showed, challenging expectations as President Trump wants rate cuts.
- The Federal Reserve is monitoring inflation as last week’s data showed rising producer prices in July, amid tariff-driven pressures.
- Market indexes turned lower as wholesale price gains surprised traders and investors, with the S&P 500 slipping 0.2% from its all-time high.
- On September 19, the Federal Open Market Committee will meet to decide its key interest rate, with traders now assigning only a 5% chance of holding rates steady, and the data may influence Fed policy expectations.
104 Articles
104 Articles
US stocks hold steady after wholesale prices jump
NEW YORK, United States — US stocks shook off early losses to finish essentially flat Thursday as markets digested disappointing inflation data that complicates expectations for lower Federal Reserve interest rates. The producer price index rose 0.9 percent on a month-on-month basis, much greater than analysts expected following benign consumer pricing data earlier this week. The
Fresh Data on Inflation Cools Trading
Most stocks fell Thursday on Wall Street after a new report said inflation was worse last month at the US wholesale level than economists expected. Seven out of every 10 stocks in the S&P 500 fell. Gains for Amazon and certain other influential Big Tech companies helped mask the losses....
After an euphoric day on Wall Street, a damper in the form of increased producer prices is now following. This could indicate an approaching rise in inflation, which does not provide a good prospect for aggressive interest rate cuts.
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