Yahoo!
Futures rise as PPI set to kick off data deluge
Finance
Economy
Futures rise ahead of PPI and CPI data; Investors monitor Fed's rate path and US economic health; Nvidia, On Holding, BuzzFeed report earnings; CBOE Volatility Index declines.
2024-08-13 14:59:08
Economy
Inflation
USA
US Wholesale Inflation Rises Less Than Expected in July
July saw a modest 0.1% increase in wholesale inflation, lower than anticipated, reflecting a potential catalyst for Federal Reserve interest rate cuts. The Producer Price Index inched up by 0.1%, while core PPI remained steady.
Notably, goods prices surged by 0.6% due to heightened energy costs, while service prices declined, particularly in trade services by 1.3%. The subdued inflation figures could prompt a 50-basis point cut in Fed rates with implications on borrowing costs and stock market fortunes.
The Labor Department's report also indicated a slight rise in wholesale prices, signaling a cooling effect on economic pressures; however, consumer prices remain a subject of contention leading up to the upcoming November election. The subdued inflation and employment landscape are key factors influencing the Fed's potential policy shift towards supporting the economy amidst ongoing uncertainties.
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Yahoo Finance
US producer prices rise less than expected in July
Economy
Politics
Finance
U.S. producer prices rose 0.1% in July, less than expected, as higher goods costs were offset by cheaper services. The 12-month increase was 2.2% after 2.7% in June, according to the Labor Department's Bureau of Labor Statistics. The unemployment rate surged to 4.3% in July, and the Federal Reserve has raised interest rates by 525 basis points since 2022, raising concerns about labor market weakness that may prompt a rate cut.
Yahoo Finance
US wholesale inflation cooled in July in sign that price pressures are continuing to ease
Economy
Politics
Finance
US wholesale inflation eased in July, with the producer price index up just 0.1%, signaling cooling pressures that could prompt Fed rate cuts to support the economy. A weaker July jobs report and rising unemployment reinforce this, though high consumer prices remain politically charged ahead of the November election. Lower borrowing costs and higher stock prices could result from the Fed's policy shift.
Inc.com
Everyday Americans Are More Confident in the U.S. Economy Than Their Personal Finances
Economy
Finance
Americans are more optimistic about the economy than their personal finances. Inflation expectations have hit record lows at 2.3%, but July CPI remains above the Fed's stated goal of 2% inflation. Household financial situations, delinquency expectations, household spending growth, and household income growth are worsening, despite pundits' questioning of the Federal Reserve's policy choices.
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