Oil Drops, Inflation Calms, Fed Hesitates | Business and Finance News

Oil prices dipped as Brent and WTI fell amid ongoing U.S.-Iran tensions, but the stock market cheered — futures rose across the board. A tame producer price index and consumer inflation report cooled rate hike expectations, boosting the S&P 500 and pushing September Fed hike odds down — though smart money still bets on a move later this year, likely in October or December. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bcc9715b1445c110