Investors continued jumping back into equities on Thursday, as fresh inflation data raised hopes the Federal Reserve's rate hikes may be near an end.
The producer price index climbed 0.1% in June from the prior month, coming in below estimates and marking the smallest increase in nearly three years. That followed Wednesday's consumer price index report, which also showed a continued slowdown and less inflationary pressure than expected. in the upcoming July meeting, but odds of further hikes are falling. , indicating the labor market remains tight.
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