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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.
The rate-sensitive U.S. 2 Year Treasury yield (US2Y) jumped up on Thursday, as it reacted sharply to the hotter-than-expected ...
Here's what new data from the producer price index says about where inflation is headed, according to economists.
USD/CHF holds onto gains near 0.8070 as the US Dollar gains after hot US PPI data for July.
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a ...
Producer prices jumped in July but may not translate directly into the Fed’s preferred inflation gauge, easing fears of ...
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Stocks Close Mixed After Hot PPI Report
The S&P 500 Index ($SPX ) (SPY ) on Thursday rose +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.02%, and ...
Gold prices were headed for a weekly fall on Friday, as hotter-than-expected U.S. inflation data dented hopes for a ...
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