Stock market news today: Inflation data sends stocks lower for the week

US stocks were mixed on Friday and finished the week mostly lower as investors digest inflationary data, which will serve as a major input into the Federal Reserve's next interest rate decision in September.

The July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels. Despite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool. But that doesn't mean interest rate hikes are over, as the Fed is still awaiting the August CPI and jobs report to inform its decision.

"The increase in wholesale prices serves as a reminder that the data-dependent Fed isn't ready to declare victory on its campaign to quell inflation," LPL's chief global strategist Quincy Krosby said."Today's report offers the hawkish wing of the Fed more ammunition to advocate for another rate hike before the Fed is convinced it's reached its terminal rate."

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock Market News Today: Dow, Nasdaq Close Lower; Disney Stock SinksStock futures rose ahead of the release of July’s consumer-price index due this morning. Follow the latest markets updates.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Stock market news today: Fed's favorite inflation gauge hits 2-year lowUS stocks rise as the Fed's favorite inflation gauge drops to 2-year low
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Stock market today: Dow ends higher ahead of further earnings, inflation updatesThe Dow Jones Industrial Average closed higher as investors awaited further earnings reports and updates on inflation. The stock market showed resilience despite concerns about rising prices and the impact on corporate profits. Investors are closely monitoring earnings releases from major companies and looking for any signs of inflationary pressures. The positive close of the Dow reflects optimism in the market, but uncertainties remain as the earnings season continues and inflation data is released.
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Stock market news today: July PPI report shows inflation still aroundUS stocks drop after wholesale inflation comes in hotter than expected
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Stock market news today: Investors look to upcoming CPI inflation dataUS stocks moved higher on Monday as investors turn their attention to upcoming inflation data and whether that will impact the trajectory of the Federal Reserve's current interest rate trajectory. July CPI data will be released later this week on Thursday.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Dish bonds rally with stock after all-stock merger with EchoStarBillionaire Charlie Ergen's decision to combine his two telecom companies, Dish Network Corp. and EchoStar Corp., in an all-stock deal sent their shares higher on Tuesday. The news also sparked a rally in the company's bonds.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »