WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last…
Here are five key things investors need to know to start the trading day: 1. September cut? It’s looking more and more likely that the Federal Reserve will soon start cutting rates, and investors are thrilled. After this week’s cooler-than-expected consumer inflation report, Fed funds futures now forecast a nearly 100% chance that the central…
Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSE Small-cap stocks jumped on Wednesday, bucking the slide in some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer…
Federal data shows that inflation held fairly steady in July, defying fears of a sharp tariff-driven spike in consumer prices and good news for President Donald Trump, who is pushing for the Federal Reserve to slash interest rates. Markets are widely anticipating a rate cut at the Fed’s September meeting, an assessment unlikely to be…
Suddenly, Wall Street cares about inflation again. After taking a backseat to the jobs report earlier this year, inflation data will take center stage next week as investors try to discern whether the Federal Reserve will cut in September. The latest consumer price index is set to release Tuesday, and the producer price index is…
Gold has regained some of its luster over the past week in the midst of a softening stock market outlook. On Thursday alone, the precious metal jumped to a more than two-week high . Spot gold rose 0.5% to more than $3,385 an ounce. U.S. gold futures gained 0.3% to about $3,445. Gold is the…
Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the US Federal Reserve Reuters President Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh,…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors shrugged off last week’s worries over the U.S. economy to drive a powerful, tech-led rebound across global stocks on Monday, although U.S. Treasuries prices held onto Friday’s gains, suggesting a fair degree of…
My top 10 things to watch Monday, Aug. 4, 2025 1. Wall Street was bouncing back Monday morning after a tough week. Friday was crazy, with a terrible jobs report and President Donald Trump firing the BLS head, plus a Fed governor resigning. Trump is expected to announce replacements for each in the coming days….
President Trump said in a social media post Friday afternoon that he directed members of his administration to fire Erika McEntarfer, commissioner of the Bureau of Labor Statistics, after the BLS on Friday published a July jobs report that contained what it called “larger than normal” revisions to data from May and June. The July…