🪷🪷Stock Market Today: Trump Tariff News, Inflation Data, Jobless Claims🪷🪷
President Donald Trump told reporters Wednesday night that he'll send letters to trading partners within the next two weeks setting unilateral duties ahead of a July 9 deadline, when the 90-day pause on "reciprocal" tariffs ends.
Due out at 8:30 a.m. ET, the Labor Department's producer price index, or PPI, is expected to rise 0.2% for the month of May, with an annual increase of 2.6%, according to estimates from Econoday. The core CPI, which excludes food and energy, is anticipated to rise 0.3% on the month. The year-over-year increase is seen at 3.1%.
Further, economists expect weekly initial unemployment claims to fall to 243,000 vs. 247,000 in the previous week, according to Econoday. Claims have climbed lately, raising concerns about the job market.
#TrumpTariffs
President Donald Trump told reporters Wednesday night that he'll send letters to trading partners within the next two weeks setting unilateral duties ahead of a July 9 deadline, when the 90-day pause on "reciprocal" tariffs ends.
Due out at 8:30 a.m. ET, the Labor Department's producer price index, or PPI, is expected to rise 0.2% for the month of May, with an annual increase of 2.6%, according to estimates from Econoday. The core CPI, which excludes food and energy, is anticipated to rise 0.3% on the month. The year-over-year increase is seen at 3.1%.
Further, economists expect weekly initial unemployment claims to fall to 243,000 vs. 247,000 in the previous week, according to Econoday. Claims have climbed lately, raising concerns about the job market.
#TrumpTariffs
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