US producer prices rose, increasing rate hike expectations for the Federal Reserve. Traders now price a seventy percent chance of a quarter-point increase next week. Consumer inflation data due Friday will further influence the central bank's decision. Renewed Middle East conflict complicates the inflation outlook with rising oil prices. Market pricing suggests traders anticipate at least one rate hike by year-end.

Gold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary pressures. Key U.S. inflation data is…

Economists have been closely examining PPI reports and other inflation reports given the ongoing war with Iran and higher prices.

Will Warsh deliver another major surprise (not hike)?