Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
1. Wholesale prices surged 0.9% in July, exceeding the 0.2% expectation. 2. PPI inflation is above the Fed's 2% target, raising rate cut doubts. 3. Market expectations for a September rate cut decreased post-PPI report. 4. Cost burdens may shift from businesses to consumers amid tariff impacts. 5. S&P 500 showed minimal movement amid mixed inflation signals.