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PPI report casts doubt on Bessent’s call for 50-basis-point Fed cut in September: ING
The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point rate cut by the Federal Reserve in September, according to James Knightley, chief international economist at ING.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
The rate-sensitive U.S. 2 Year Treasury yield (US2Y) jumped up on Thursday, as it reacted sharply to the hotter-than-expected ...
Producer prices jumped in July but may not translate directly into the Fed’s preferred inflation gauge, easing fears of ...
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a ...
July PPI surged 0.9%, spiking costs across goods & services. Explore tariff impacts, market reactions, and the Fed's ...
Hot PPI data released on Thursday morning led to a pullback in stock-market futures as wholesale prices rose 0.9% in July, ...
U.S. stock index futures slipped on Thursday after hotter-than-expected producer prices data contrasted with recent tame ...
Inflation at wholesale level in the U.S. in July sped up far beyond economist forecasts, calling into question expectations ...
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