On Tuesday, August 13th, U.S. stock markets climbed to nearly a two-week high, driven by softer producer prices that heightened expectations of a Federal Reserve rate cut in September.
Investors are now focused on key consumer price data sets and retail sales figures, which could reinforce the likelihood of a more aggressive rate cut by the Fed.
In economic data, U.S. producer prices increased by 0.1% in July month-over-month, down from a 0.2% rise in June and below market expectations of 0.2%.
The majority of sectors on the S&P 500 closed higher, led by gains in communication services, tech, and consumer discretionary stocks, while energy stocks ended lower.
The Dow ...
