Market Jitters: Hotter-Than-Expected PPI Dampens Rate Cut Hopes as S&P 500 Ekes Out Record
Market Jitters: Hotter-Than-Expected PPI Dampens Rate Cut Hopes as S&P 500 Ekes Out Record U.S. stock markets faced turbulence on Thursday as Wall Street absorbed a significantly higher-than-anticipated Producer Price Index (PPI) inflation report, tempering earlier optimism for a substantial September interest rate cut. Despite the broader market wavering, the S&P 500 managed to eke out a third consecutive record close, though the Dow Jones Industrial Average saw a slight decline and the Nasdaq Composite finished just shy of its…