7 days ago
- Business
- Wall Street Journal
Heard on the Street Tuesday Recap: Is a Rate Cut Coming?
Inflation remained steady in July, even as tariff increases began to show up more clearly. Consumer prices rose 2.7% in July from a year earlier, unchanged from June's gain. That was below the 2.8% rise expected by economists and keeps an interest-rate cut firmly on the table for September.
Stocks advanced, with the Nasdaq Composite and the S&P 500 setting records. The Nasdaq added 1.4% and the S&P and Dow industrials both gained 1.1%. Treasury yields were mostly higher. The 10-year yield neared 4.3%.
Intel shares rallied after President Trump said he had met with the chip maker's CEO. The president said Monday's meeting, also attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, was 'very interesting.' Intel shares rose 5.6%.
