Market to Market

Economic Outlook: July 12, 2019

Jul 12, 2019  | Ep4447

He may not be your father’s broker, but when the chair of the Federal Reserve speaks to Congress, the market listens.

Jerome Powell strongly hinted a cut in interest rates and easing monetary policy by the end of the month.

The Dow Jones responded to the news by clearing the 27,000 threshold for the first time ever during Thursday’s trading session.

The Labor Department reported the Producer Price Index rose 0.1 percent last month. The PPI measures inflation before reaching consumers.

The CPI or Consumer Price Index posted 0.1 percent gain. However, the core indicators for consumers shot up 0.3 percent, the highest since January of 2018.

Minnesota-based Cargill reported a decline of 67 percent in fourth quarter profits mostly on trade disputes and spring flooding.

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