Producer price index shows no change in June
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US wholesale inflation was muted in June, signaling that price pressures might not be building for producers and manufacturers.
17hon MSN
US wholesale inflation remained flat in June, despite concerns over President Trump's tariffs. The producer price index showed a 2.3% year-on-year increase, the smallest since September. While some sectors saw tariff impacts,
U.S. stocks opened moderately higher on Wednesday, boosted by a tamer-than-expected inflation reading and blowout quarterly results from big banks.
USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.
6don MSN
Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
Trump's trade war boosts gold's safe-haven appeal. Explore why Northern Star & Equinox Gold are standout 'buy the dip' picks with strong growth potential!
Wall Street braced for another inflation checkup after Tuesday's consumer price reading spurred traders to pare bets on Fed rate cuts in the coming months.
US wholesale inflation remained unchanged in June, contrary to concerns that President Trump's tariffs might increase goods prices. The Labor Department's report revealed a 2.3% year-over-year rise. This comes amid ongoing discussions on the impact of tariffs and the Federal Reserve's cautious stance on interest rates.
Gold prices increased in the domestic futures market on July 16, influenced by positive global trends and a weaker US dollar. Silver also gained due to strong demand in the spot market.