Wholesale Inflation Cools, Pushing Markets Toward Record Highs | EWTN News Nightly

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The stock market was near record levels this morning following a better-than-expected report on wholesale inflation. The data shows inflation slowed more than economists anticipated last month — raising hopes that the Federal Reserve may resume interest rate cuts. At the same time, a separate report suggests President Trump’s tariffs may be pushing up prices for U.S. shoppers. Stephen Kates, financial analyst at Bankrate, joins to break down the latest inflation numbers, explain how Trump’s tariffs are factoring into inflation, and explore what new data on second jobs reveals about the American workforce. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf