Wall Street Rises On Signs Of Disinflation

<p>Wall Street rose on Thursday after producer prices data provided further evidence of inflation cooling in the world’s largest economy, and stoked hopes that the Federal Reserve will soon end its monetary policy tightening. U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years. A separate report showed weekly jobless claims unexpectedly fell last week, indicating that the labor market remains tight. “The PPI confirmed the cooling inflation shown in yesterday’s CPI, but the lower-than-expected weekly jobless claims number was a reminder of continued labor market tightness,” said Mike Loewengart, head of model […]</p>
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