NewsWPLG Local 10 – Main FeedAugust 13, 2026Miami-Dade
U.S. stock market hits record highs as inflation data 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 figure lower 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 10 – Main FeedWhy It Matters
Lower inflation and stable interest rates reduce the cost of borrowing for consumers and businesses, while potentially sustaining current stock market growth.
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Who's Mentioned
organizationSK Hynix“South Korean tech giant influencing market swings.”organizationCisco Systems“Tech company that saw stock price decline.”organizationD.R. Horton“Homebuilder that saw stock gains.”organizationAvalonBay Communities“Real-estate company that saw stock gains.”organizationSamsung Electronics“South Korean tech giant influencing market swings.”organizationCME Group“Provided data on interest rate hike probabilities.”organizationFederal Reserve“Considering interest rate hikes based on inflation data.”personDonald Trump“Lobbying for lower interest rates.”