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Hot PPI and $105 Oil Fuel Fed Rate Hike Fears as Stocks Sink

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Surging US producer prices and climbing oil prices, with Brent topping $105, drove Fed rate hike odds to 70%.
  • Major US indexes retreated led by tech heavyweight Nvidia, while energy surged.
  • Apple bucked the trend, gaining 1.4%, while gold and Bitcoin dropped under rate hike pressures.
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BRENT price history

104.61 +64.07% over the displayed period

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