US President Donald Trump intensified his criticism of the Federal Reserve after producer prices unexpectedly fell in August, fueling his demand for an immediate rate cut. He attacked Fed Chair Jerome Powell, calling him a ‘total disaster’ who doesn’t have a clue. The drop in wholesale prices has increased expectations that the Fed might cut interest rates next week. Post navigation US inflation watch: Producer prices dip 0.1% in August; weaker-than-expected data hints at tariff impact Oracle shares soar 35% on AI demand; market valuation nears $915 billion; semiconductor stocks rally
