China, Trump and Stocks
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Inflation, Tariffs
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The U.S. dollar slid on Wednesday after data showed inflation in the world's largest economy rose less than expected last month, suggesting that the Federal Reserve could resume cutting interest rates sooner rather than later.
This week will bring consumer-price index and producer-price index data from May, providing new readings on inflation and how prices have changed as a result of tariff policies. Meanwhile, Apple is hosting its annual Worldwide Developers Conference,
17hon MSN
The U.S. Treasury held a closely eyed $22 billion auction of 30-year bonds, and solid demand showed investors are still hungry for long-term government debt, despite policy uncertainty.
Gold prices rose on Wednesday, helped by cooler-than-expected U.S. inflation numbers, strengthening investor expectations that the Federal Reserve would start cutting interest rates by September.
The latest Consumer Price Index report showed inflation rose slightly to 2.4%. Meanwhile, Trump said the U.S. and China have reached a trade framework. Follow along for live updates on the Dow, S&P 500,
While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he has touted a new "deal" with China that will see tariffs against the country remain at historic levels. Here's what it will mean for you.