The cost of wholesale goods and services — where rising inflation tends to show up first — in July posted the biggest increase in three years, possibly heralding a sizable acceleration in price increases tied to higher U.

US wholesale prices jumped in July, rising 3.3 per cent from a year earlier, in the latest signal that President Donald Trump’s tariffs are seeping through to the American economy. The rise in the Producer Price Index,

Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.

Global stocks edged lower on Thursday, with equities on Wall Street ending flat, while U.S. Treasury yields rose after market expectations for Federal Reserve interest rate cuts were shaken by surprisingly strong inflation data.

Producer prices rose sharply in July, federal data shows, dashing President Donald Trump's hopes that the Federal Reserve would cut rates in September as he has been demanding. Trump believes interest rates are needlessly high and has skirted traditional norms on central bank independence to sharply criticize Fed Chair Jerome Powell and the institution for not slashing borrowing costs,

U.S. consumer sentiment softened in August as households anticipated higher goods prices because of import tariffs.

US consumer sentiment unexpectedly fell for the first time since April and inflation expectations rose on lingering anxiety about the impact of tariffs.

Expectations of more inflation ahead have soured consumers' mood, according to the latest readout from the University of Michigan's long-running sentiment survey. "Consumers are no longer bracing for