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Inflation Slowing On The Consumer End As Market Awaits Tomorrow’s Report On Producer Costs

These days, monthly inflation reports carry almost as much weight in the market as monthly job reports. Today’s consumer price index for July came in around expectations, meaning the impact on Wall Street might not be too heavy.

AAPL

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US Class I Railroads To Feds: Don’t Blame Us

Much of the congestion occurring at intermodal rail terminals are ultimately related to factors beyond the control of the Class I railroads, and the railroads are doing all that they can to improve terminal throughput, assert the CEOs of U.S.-based Class I railroads to the Surface Transportation Board.

BRK

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The Dog Days Aren’t Over: Wait And See Mode For Now As Key Inflation Data Ahead

Whoever thought up the expression “dog days of summer” probably had mornings like this in mind.  Looking around for news, it’s hard to find much. And U.S. markets didn’t move very far overnight. European trading hasn’t provided a lot of direction, either, though stocks did rise pretty nicely across the Pacific in China. 

AAPL