Dow Gains, Oil Drops
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US stock market jumps as Dow rallies 500 points as investors grow hopeful that the Israel-Iran conflict may stay contained. After a tense weekend of strikes and retaliation, a Wall Street Journal report hinted that Iran may be open to talks if the U.
Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.
Explore the top 3 catalysts for the Dow Jones Index and US stocks this week, including the FOMC decision and quadruple witching
Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.
Investors were cheering the below-forecast inflation reading for May, but it might be premature to assume that President Donald Trump’s aggressive tariffs could have limited impact on inflation, according to Seema Shah,
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
Consumer prices in the US rose less than anticipated in May, with limited evidence so far that President Donald Trump's tariff measures have had a material impact on inflation.
Consumer prices rose less than expected in May, CNBC reported, as Trump’s controversial tariffs have yet to have a significant impact on inflation. The broad consumer price index, which measures the cost of goods and services across the economy, increased 0.1% for the month, putting the annual U.S. inflation rate at 2.4%.
At the same time, the Bureau of Labor Statistics this week reported that both producer and consumer prices increased just 0.1% on a monthly basis, pointing toward little upward pressure from the duties. Economists still largely expect the tariffs to show an impact in the coming months.
The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.