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U.S. Economy

US PPI (Jun) 156.566 (Prev. 157.659)

StockNow breaking-news AI analysis

June PPI and CPI data showed unexpected cooling, significantly reducing the probability of a July rate hike, though Chair Warsh remains committed to the 2% target amid ongoing geopolitical risks.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)