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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.
Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harder
A hotter-than-expected wholesale inflation report just made the Federal Reserve’s decision regarding a September rate cut even harder, raising questions of whether higher prices for businesses will be passed on to consumers,
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 ...
July's PPI inflation report heightened worries over tariff-fueled consumer inflation and raised questions about the Fed's ...
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns ...
Federal Reserve Bank of Richmond President Tom Barkin said uncertainty over the direction of the US economy is decreasing, ...
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