CPI Report Today: Dow Futures Edge Up Ahead of July Inflation Report — Live Updates
Economists estimate inflation likely accelerated to a 2.8% annual rate as of July, or 3% on a core basis, according to a Wall Street Journal poll. The data, from the under-fire Bureau of Labor Statistics, is due at 8:30 a.m. ET.
President Trump said late Monday he would nominate E.J. Antoni, a longtime critic of the Bureau of Labor Statistics, as the agency's new head.
Also on Monday, Trump extended the deadline for higher tariffs on China to November, reassuring markets. He also said he had met with Intel CEO Lip-Bu Tan, after calling last week for Tan's removal over ties to Chinese businesses. Intel shares rose 2.7% in after-hours trading.
In recent trading:
Stock futures ground higher. Indexes edged lower Monday.
Treasury yields inched upward. The 10-year yield reached 4.28%.
The dollar weakened against the Swiss franc.
European and Asian indexes rose. Japan's Nikkei 225 jumped 2.1% to a record high.
Gold futures were little changed after sliding on Monday. Late yesterday, Trump said the metal would be exempt from tariffs.
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