US wholesale inflation was muted in June, despite expectations for an increase amid the rollout of tariffs. The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, keeping the annual rate of wholesale-level inflation at 2.3%.

The report on wholesale inflation came a day after the Labor Department reported that consumer prices last month rose 2.7% from June 2024, the biggest year-over-year gain since February, as Trump’s sweeping tariffs pushed up the cost of everything from groceries to appliances.

American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s

The U.S. dollar declined after wholesale inflation data showed producer prices were unchanged in June and showed only a mild effect from U.S. tariffs. The flat reading in the producer-price index came in below the Wall Street forecast of a 0.2% increase.

The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.

Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.

Dow futures mixed as Wall Street eyes bank earnings, inflation data, and tariff risks in a cautious trading session.

Retail inflation cooled to 2.1% in June, its slowest pace since January 2019, while wholesale inflation slipped to a 21-month low of -0.13%, the first negative print since October 2023, according to p