Hot PPI Inflation Cools Big Fed Rate-Cut Hopes; S&P 500 Falls

Today's producer price index and jobless claims data may not do much to lower the volume on calls for multiple near-term Federal Reserve rate cuts, with the Trump administration leading the way. The S&P 500 fell modestly after the data, following Wednesday's close at a new record high. Deere is among the big S&P 500 losers early Thursday amid a tempered earnings outlook as it navigates Trump tariffs.

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