๐ชท๐ชทStock Market Today: Trump Tariff News, Inflation Data, Jobless Claims๐ชท๐ชท
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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