Thursday’s flat market came after a tumultuous trading session as investors processed new inflation data.
Along with the Dow Jones Industrial Average, the S&P 500 was trading slightly below the flatline.
Nasdaq Composite had a little decline. The most recent producer price index, which tracks changes in average prices that companies get for their goods and services, showed that wholesale prices increased by 0.2% in August.
That is consistent with what is expected. The study is in response to consumer inflation statistics that showed a rise in core prices on Wednesday.
They eliminate the erratic food and energy categories. The number alarmed investors expecting the Federal Reserve to decrease interest rates by half a percentage point during its meeting on September 17–18.
Source (CNBC)
