Ebbing inflation eases rate hike fears on Wall Street | Reuters
Ebbing inflation eases rate hike fears on Wall Street | Reuters
all Street rose on Thursday after producer prices data provided further evidence of inflation cooling in the world's largest economy, and stoked hopes that the Federal Reserve will soon end its monetary policy tightening.
U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years.
Keeping a lid on optimism, a separate report showed weekly jobless claims unexpectedly fell last week, indicating that the labor market remains tight.
