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The dollar rises after data showed wholesale inflation accelerated more than expected in July. The producer price index rose 0.9% month-on-month in July, above the 0.2% rise forecast by economists in ...
US stock futures hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid figures sent rate-cut bets and markets soaring.
Inflation, as measured by the producer price index, shot up to 3.3% for the year ending in July, the Bureau of Labor Statistics reported Thursday — the largest 12-month increase since February. On a ...
Hot PPI data released on Thursday morning led to a pullback in stock-market futures as wholesale prices rose 0.9% in July, ...
Inflation at wholesale level in the U.S. in July sped up far beyond economist forecasts, calling into question expectations ...
The wholesale inflation report two days after the Labor Department reported that consumer prices rose 2.7 percent last month ...
U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a ...
Thursday's hot inflation report complicated Wall Street's hopes for a big rate cut in September. Odds of a half-point cut dropped to zero after the July producer price index rose way more than ...
Shares of Advance Auto Parts declined 1.7% in morning trading, while Birkenstock lost 2%. Cisco stock sold off 1.4%, as Coherent plunged 19%. Deere stock tumbled 5%. JD.com shares moved up modestly ...
The cost of wholesale goods and services — where rising inflation tends to show up first — posted the biggest increase in ...
Crypto Remains in the Spotlight: Investors continue to buy all things crypto. Bullish (BLSH) went public in an IPO yesterday, ...