Wholesale Prices Stall, But a Fed President Wants Rates Higher Anyway
A surprisingly flat Producer Price Index report boosts hopes for a September rate cut, but Cleveland Fed President Beth Hammack's dissent shows the inflation fight isn't settled. Plus, Databricks hits a $190 billion valuation, and the U.S. budget deficit posts its biggest July shortfall since 2021. In this episode: • Wholesale prices were flat in July, below expectations for 0.2% increase — https://www.cnbc.com/2026/08/13/wholesale-prices-were-flat-in-july-below-expectations-for-0point2percent-increase.html • Fed should raise rates to restrain growth and inflation, Hammack says —…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.