Bears regained control on Wall Street, with major indices wiping out Wednesday's gains and retesting recent lows as investor concerns over tariffs continue to weigh on sentiment.
Gold's strong rise continues, with the precious metal hitting a fresh record on Thursday as investors rush to shield their portfolios from mounting trade tensions and economic uncertainty.
All of February's factory cost inflation measures came in lower-than-expected in the Producer Price Index report released Thursday. Economists are weighing in on what it could mean for the U.S. economy going forward.
U.S. producer prices remained flat in February, with core inflation showing a rare decline. This eases concerns over trade tariffs and may lead to Fed rate cuts later this year.
U.S. markets rallied on Wednesday after February's inflation report came in softer than anticipated, bolstering expectations for Federal Reserve rate cuts while investors reassess the economic impact of President Donald Trump administration's policies.
Markets are range-bound (again) ahead of the PPI Report. And there’s one “hidden” clue on the charts, telling me this Double-Bottom Bear Trap could be one of our biggest wins of the week!
Benzinga readers show support for the one-month pause on tariffs for the auto sector. The poll also shows whether consumers are likely to rush to buy a vehicle before tariffs come back.
Thirty-three percent of the 12,000 respondents surveyed so far believe the fears are overblown, but 31% opined that the U.S. is heading for a recession accompanied by too many warning signs.
Bill Adams, chief economist for Comerica Bank, said that inflation is moving in the "right direction," making it more likely that the Fed will cut rates.
