NewsWPLG Local 10August 13, 2026Miami-Dade
U.S. Stock Market Hits Record Highs as Wholesale Inflation Cools
The S&P 500 reached an all-time high on Thursday following a report showing wholesale inflation rose 4.7% over the last year, a slower pace than June's 5.5% rate. This cooling inflation data has led traders to reduce the probability of a Federal Reserve interest rate hike in September to 35%.
Read the full story at WPLG Local 10Why It Matters
Lower inflation and stable interest rates reduce the cost of borrowing for consumers and businesses, while potentially slowing the Federal Reserve's plans to increase interest rates.
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Who's Mentioned
otherNasdaq composite“Gained 214.54 points”organizationSK Hynix“Tech giant in South Korea”organizationCisco Systems“Stock fell 8.4%”organizationD.R. Horton“Stock added 2.8%”organizationFossil Group“Stock climbed 5.9%”organizationAvalonBay Communities“Stock rose 2.3%”organizationSamsung Electronics“Tech giant in South Korea”otherS&P 500“Climbed 0.7% to a record high”organizationCME Group“Provided interest rate probability data”organizationFederal Reserve“Considering interest rate hikes”otherDow Jones Industrial Average“Added 69.72 points”personDonald Trump“Lobbying for lower interest rates”