Jul.’s Inflation Data Keeps Sep. Rate Cut in Play
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Consumer prices rose 0.2 percent in July, according to data released Tuesday by the Bureau of Labor Statistics (BLS), as the economy braces for the full imposition of President Trump’s
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Dow futures were trading in red before the opening bell on Tuesday as the investor focus shifts to July’s consumer price index, due later today, which could mark the first uptick in core inflation in six months.
Wall Street's main indexes were on track to open lower on Thursday, after a hotter-than-expected producer prices report dampened investor expectations of potential interest-rate cuts by the Federal Reserve this year.
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns about inflation's economic impact.
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
The annual inflation rate held steady in July as President Donald Trump's tariffs had less of an impact on some consumer prices than forecasters expected, but the details had a few devils as the key "core" inflation gauge accelerated.
The S&P 500 index rose to a record high Tuesday as July inflation data raised Wall Street’s hopes for rate cuts. The S&P 500 closed 1.1 percent higher, rising more than 70 points to