Jobless Claims Jump, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 Rises
Initial jobless claims jumped to their highest level since last summer, while core producer prices were unchanged, increasing the chances of a Federal Reserve rate cut in September. The S&P 500 fell in Thursday morning stock market action. X While the Fed’s new forecasts on Wednesday signaled the likelihood of a single rate cut this … Read more
