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The BLS releases the July CPI report today at 8:30 a.m. ET. Economists expect inflation to cool to 3.4%, with energy prices being a key area to watch.
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Shopping agents could change how customers find products, giving small brands an opening and marketplaces competition.
The rally has been built on profits—not rising valuations.
The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.
Pacific Investment Management Co. says market anxiety about the inflation-fighting credentials of the Federal Reserve is overdone and that US bond yields at current levels look attractive.
Brent rose to $89.63 and WTI to $83.91 on Wednesday as fading US-Iran peace hopes and Strait of Hormuz attacks offset a surprise build in US crude stocks.
Ongoing sanctions and conflict with the US are driving Iran to explore alternative financial channels beyond the dollar system.