The likelihood of a Fed interest rate hike next week just got a lot higher
Traders pushed chances for a rate increase to 70% in morning action.
We haven't written up this one. CNBC World has the full story — the link below goes straight to it.
More in Finance & Markets
US wholesale prices rose 5.4% in August: What it means for Fed rate decision
August PPI inflation rose 5.4% as oil topped $100. Here’s why rising prices and energy costs could affect the Fed rate decision and hike bets.
United States: Higher August forecast with methodology shift – TD Securities
TD Securities economists Eli Nir and Oscar Munoz raise their August core PCE forecast after stronger PCE-relevant components in the August PPI report.
Macy's Outlook Disappoints Investors
Macy's shares fell after the retailer offered third quarter guidance that disappointed investors. Bloomberg's Romaine Bostick spoke to CEO Tony Spring on the phone and has more. (Source: Bloomberg)
President Trump Promised to Pay Americans a $5,000 “Trump Dividend” After the Midterm Elections. But That’s Not How Dividends Work.
The president made the promise during the first day of the GOP midterm convention.
Bitcoin falls on US PPI overshoot as 30-year bond yield hits new 19-year high
Bitcoin fell with US stocks as high inflation and a further surge in oil prices coincided with another multidecade high for US bond yields.