Producer price index (PPI) for final demand is expected to have edged up 0.3% last month, according to economists polled by Reuters, after increasing by an...
- U.S. stock index futures were little changed on Tuesday as investors waited for producer prices data for cues on inflation in the world's largest economy and ahead of Federal Reserve Chair Jerome Powell speech later in the day.
Sticky inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut.Traders now see a 49.6% chance that the central bank will ease rates by 25 basis points in September, according to the CME FedWatch Tool, from 44% last month. That compared with expectations for first rate cut as early as March at the start of the year.
Other 2021 meme rally participants and highly shorted stocks such as AMC Entertainment and Koss Corp rose 38.2% and 12.6%, respectively.This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.
The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says
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