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from24/7 Wall St.
15 hours agoGoldman Sachs Sees Correction Risks Rising. Here's How to Prepare for a Storm
Goldman Sachs warns of increasing risks for a market correction, with the S&P 500 down nearly 7% from its high.
June's Consumer Price Index (CPI) rose by 0.3% month-over-month and 2.7% year-over-year-higher than expected-while the Producer Price Index (PPI) unexpectedly stalled at 0.0%. These figures suggest that while price pressures remain on the consumer end, they may be easing on the production side.