Shoppers astatine the caller H Mart during their expansive opening successful Westminster, CA, connected Thursday, August 7, 2025.
Jeff Gritchen | Medianews Group | Getty Images
It was a stellar time for markets arsenic each 3 large U.S. banal indexes closed astatine grounds highs connected Wednesday.
That's contempt a sharper-than-expected month-on-month maturation successful U.S. user prices successful August, according to the Labor Department, signaling that tariffs are apt raising inflationary heat.
While the monthly ostentation speechmaking overshot estimates from a Dow Jones survey by 0.1 percent point, the header yearly reading, arsenic good arsenic some monthly and yearly halfway data, came successful arsenic expected.
Granted, that's not overmuch of a comfort. Having expectations of an unpleasant script confirmed doesn't instrumentality distant its sting.
That said, the ostentation information was accompanied by a abstracted study that showed play jobless claims successful the U.S. roseate to their highest level successful astir 4 years.
"Today's CPI study has been trumped by the jobless claims report," wrote Seema Shah, main planetary strategist astatine Principal Asset Management.
This reinforces the communicative that the U.S. Federal Reserve volition little rates by astatine slightest 25 ground points during its gathering adjacent week.
But with truthful overmuch riding connected the Fed, it's important to not conscionable observe a imaginable complaint chopped adjacent week, but besides chew connected what Chair Jerome Powell has to accidental astir the system and monetary policy.
What you request to cognize today
And finally...
U.S. President Donald Trump and President of the European Commission Ursula von der Leyen shingle hands arsenic they denote a US-EU commercialized woody aft a gathering astatine Trump Turnberry play nine connected July 27, 2025 successful Turnberry, Scotland.
Andrew Harnik | Getty Images News | Getty Images
Trump's unit connected Europe to slap 100% tariffs connected India and China raises eyebrows
Reports that U.S. President Donald Trump asked the European Union to slap tariffs of up to 100% connected China and India for their Russian lipid purchases person raised eyebrows connected some sides of the Atlantic.
The EU is improbable to acquiesce, analysts say. Not lone would the bloc beryllium wary of adopting Trump's contentious tariffs strategy and burning its ain bridges with India and China, the EU's analyzable trading narration with Russia besides makes taking specified a measurement rather unlikely.
— Holly Ellyatt
English (US) ·