• Aug 13, 2024

US wholesale inflation cooled in July in sign that price pressures are continuing to ease

Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it reaches consumers — rose 0.1% from June to July. The July wholesale figures reflect a broad and steady slowdown in price increases, which peaked at a four-decade high in mid-2022 but are now moving toward the Fed's 2% inflation target.

  • Aug 13, 2024

Hedge Fund Mount Lucas Sells Treasuries as Fed Bets Gone Too Far

(Bloomberg) -- Investors have little room to take advantage of the rally in US Treasuries now, with the Federal Reserve unlikely to cut rates as aggressively as the market expects, according to Mount Lucas Management LP. Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders to Be Reimbursed for DelaysJohannesburg Mayor Quits Amid Infighting, Financial WoesLos Angeles