US stocks trade mixed as investors assess Fed outlook after August CPI comes in hotter than expected
Markets now see a 41% chance that the Federal Reserve could hike rates 25 basis points in November.
Source: yahoo.com
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Wall Street's mood is improving — but it's far from upbeat
Wall Street’s optimism has edged up in recent weeks after an August slump to levels not seen since the collapse of several regional banks earlier this year.
Source: cnn.com
Wholesale inflation ticked up last month, exceeding expectations
Wholesale inflation accelerated for the second month in a row, mirroring a similar trend in the Consumer Price Index report, the Bureau of Labor Statistics reported Thursday.
Source: cnn.com
Marketmind: CPI to set the tone
Even with a looming policy decision from the European Central Bank on Thursday, Wednesday's U.S. inflation data are likely to be the most important macro input for markets this week ahead of the Fed's September rate announcement. The data are expected to show that consumer prices increased by 0.6% in August, the most in 14 months, driven by a surge in the cost of gasoline, but the focus could well fall on the core measure, which strips out volatile food and energy prices. Such a move would be a welcome sign for Fed Chair Jerome Powell before next week's policy meeting, althoug...
Source: yahoo.com
US consumer prices continued to rise last month — but the Fed probably won't raise rates | Business
Washington, DC (CNN) — US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices,
Source: albanyherald.com