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US Stocks Dip After Disappointing Inflation Data Dents Hopes for Coming Cuts to Interest Rates
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.
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62 Articles
ASX 200 LIVE: ASX to slip, results pending from Cochlear, Mirvac, US equities dip on hot producer prices data
Australian equities to edge lower; Cochlear, Mirvac to report; US July producer prices rose faster than expected, tempering slightly rate cut bets. Follow live.
·Sydney, Australia
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Stocks retreat after hot US inflation data shakes Fed rate cut hopes
NEW YORK/LONDON :Global stocks retreated from record highs on Thursday while U.S. Treasury yields rose after market expectations for an interest rate cut by the Federal Reserve were shaken by stronger-than-expected inflation data.U.S. producer prices rose 0.9 per cent in July, the Labor Department reported, s
·Singapore
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Coverage Details
Total News Sources62
Leaning Left10Leaning Right8Center19Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 27%
C 51%
R 22%
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