Reported about 12 hours ago
Investors are looking for confirmation of a rate cut by the Federal Reserve amid conflicting economic signals. While producer prices surged unexpectedly and jobless claims fell, indicating a complex economic landscape, market odds for a September cut remain high. However, there are doubts about the Fed's intent to lower rates soon, as some economists believe it may hold off until December, highlighting the Fed's ongoing challenge to balance its dual mandates of stable prices and maximum employment in the face of potential stagflation.
Source: YAHOO