Wall Street Closes Up As news On Lower Producer Prices Encourages Rate-Cutting Bets
Tuesday’s gains in U.S. indices saw them close at a nearly two-week high, as lower producer pricing data supported expectations of a Federal Reserve interest rate drop in September. Because cheaper services offset rising costs of products, U.S. producer prices rose less than anticipated in July, suggesting that inflation remained mild. The PPI grew 2.2% […]
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