The Fed will maintain stable fees amid Trump’s pressure and inflation risk
Despite President Donald Trump’s push for cuts from tariffs, the Fed only stayed at 4.25% to 4.5%.
US stock futures are mixed after being narrowly mixed as investors trimmed expectations for a reduction in the Federal Reserve rate at the heels of inflation reports that are hotter than expected.
The producer’s price index, which measures wholesale prices, rose 0.9% from June and has not changed since June. This exceeded the 0.2% of economists voted by Dow Jones’s most profits and the 0.2% of economists and monthly maximum profits expected since June 2022. The jump is due to tariffs, the economist said.
Before the market opens, investors will see retail sales in July for clues as to whether consumer spending is slowing.
At 6:20am on ET, futures tied to the Blue Chip Dow increased by 0.59%, S&P 500 futures added 0.03%, and high-tech Nasdaq futures fell by -0.19%.
Corporate News
- Berkshire Hathaway has taken a new share in the company. Berkshire purchased more than 5 million shares at the healthcare company at the end of June for about $1.6 billion worth of stock.
- The Trump administration is debating a 8.9% stake in chipmaker Intel.
- Circle Internet Group priced a share price of 10 million shares, at $130 per share. The company sells 2 million of these shares.
- Applied materials beat the third quarter estimate, but the current quarter guidance missed Street View.
Medora Lee is a money, market and personal finance reporter for USA Today. You can contact her at mjlee@usatoday.com and subscribe to our free daily money newsletter for personal finance tips and business news every Monday to Friday morning.
