Fed Likely to Stick With Regular-Sized Rate Cut

A jump in US wholesale prices last month looks to have all but erased the possibility that the Federal Reserve will deliver a jumbo-sized half-percentage-point interest rate cut in September, though expectations for a quarter-percentage-point move next month, followed by another in October, remain intact.

- REUTERS

US producer prices rose 0.9% in July amid a surge in the costs of goods but also of services like machinery and equipment wholesaling, the Labour Department's Bureau of Labour Statistics said on Thursday.