News
Inflation Data and Crypto Craze: Stocks Poised for Fed Rate Cut Hype
Crypto Remains in the Spotlight: Investors continue to buy all things crypto. Bullish (BLSH) went public in an IPO yesterday, with its stock soaring from its offer price of $37 to $68 – an 84% gain – but shares had been as high as $118, a 219% rise. BLSH is up another 13% in premarket trading.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
The July Producer Price Index rose 0.9% M/M, miles ahead of the 0.2% increase expected and June's unrevised flat reading.
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much ...
Wholesale prices increased in July at the quickest pace since February, as economists are keeping a sharp eye on inflation ...
Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...
Year-over-year, used vehicle prices rose by 4.8%, the seventh month in a row of year-over-year increases, and the biggest one ...
Both did not commit to how they would vote on interest rates. However, they praised Trump's pro-growth agenda.
2don MSN
Key inflation rate shows biggest rise in 6 months, CPI shows, but Fed rate cut still appears in play
A key measure of consumer prices posted the biggest increase in July in six months, suggesting inflation is showing upward ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback