Traders pare bets on Sept start to Fed rate cuts
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
- Nasdaq ends down as chipmakers fall and bank earnings roll in
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- JPMorgan shares edge lower after third-quarter FICC revenue miss
- Fed’s Waller says US bond yield rise driven by growth, not inflation
- Wells Fargo beats profit estimates despite revenue miss
Tweet
Share
E-mail
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
(Reuters) - Traders on Tuesday pared bets the Federal Reserve will deliver a first interest-rate cut in September after a government report showed wholesale prices rose more than expected in April.
The 0.5% increase in last month's producer price index from a month earlier provided little comfort that progress on inflation had resumed after disappointingly strong first quarter inflation data.
After Tuesday's PPI report traders saw about a 60% chance of a rate cut in September, compared with a 64% chance seen before the report.
(Reporting by Ann Saphir; Editing by Kirsten Donovan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA fined $1.2 billion by US government for failing to police suspicious activity
- Top US diplomat to Nicaragua returns after US pick for ambassador rejected
- Brazil's Flavio Bolsonaro reverses course, backs end to six-day workweek
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
