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S&P 500 Hits Record on Benign U.S. Inflation…Rate-Hike Pressure Eases

Reuters ·

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  1. 1U.S. equities and Treasury prices rose on Thursday, with the S&P 500 gaining 0.7% to set a fresh record high.
  2. 2July producer prices came in flat, while the CPI and PPI were relatively benign, easing pressure on the Fed to raise rates.
  3. 3Rate hikes are not fully priced in through December, raising the likelihood that the Fed will hold rates steady for longer.

This 3-line summary is compiled from the report below.

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