Fed's Barkin: Business sentiment has picked up in some ways, but not yet on the hiring side

FED'S MUSALEM: INFLATION IS RUNNING CLOSE TO 3% - CNBC Fed's Musalem: Tariffs are feeding through to inflation. Fed's Musalem: I expect most of the impact of tariffs on inflation to fade in 6 to 9 months, but it could be more persistent. Fed's Musalem: There are some signs of weakening, but the labor market is solid. ST LOUIS FED'S MUSALEM Q&A/CNBCCAN'T SAY HOW WILL VOTE AT SEPT FOMC; NOT GOING TO PREJUDGE DECISION; CAN UPDATE OUTLOOK EVEN ON DAY OF FOMC #Musalem #FederalReserve #economy

BESSENT ON FED: MAYBE WILL START WITH 25 BASIS POINT CUT AND ACCELERATE BESSENT: DIDN'T CALL FOR FED TO GET TO 1.5% PT. LOWER RATE US Treasury Secretary Bessent: To get to neutral, that would be about a 1.5% point cut. BESSENT: NOT CALLING FOR A SERIES OF FED RATE CUTS BESSENT: I'M POINTING OUT THAT MODELS SHOW NEUTRAL IS LOWER

The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month ...