In a surprising turn, US wholesale inflation fell for the first time in four months, bolstering speculation that the Federal Reserve may soon cut interest rates. The producer price index dropped 0.1%, with previous months' figures also revised down.
Both the S&P 500 and Nasdaq 100 ETFs closed higher ahead of crucial inflation data, despite alarming job growth revisions. Is a recession looming? Find out what top analysts are predicting.
U.S. stock futures rise as the S&P 500 and Nasdaq hit record highs, fueled by positive inflation data and expectations of a Federal Reserve rate cut. Will this momentum continue?
Stocks skyrocketed to record heights following a positive US inflation report, fueling hopes of interest rate cuts by the Federal Reserve. Global markets are surging, with notable gains in Asia.
