Wholesale inflation remained unchanged in June, according to new Producer Price Index data. Meanwhile, "crypto week" in Washington has hit a snag as Republican lawmakers side with Democrats on cryptocurrency legislation.

Wall Street's main indexes were largely steady on Wednesday as investors sifted though fresh inflation data and earnings reports from corporate giants. U.S. producer prices held steady in June, defying expectations as higher costs for tariff-hit goods were offset by a slump in services.

US stocks end mixed after June inflation data and mixed earnings pressured the Dow and S&P 500. Nvidia powers Nasdaq to record high.

Yahoo Finance Senior Columnist Rick Newman joins Market Domination Overtime host Josh Lipton to discuss the June Consumer Price Index (CPI) data, highlighting the key categories that saw the strongest inflationary effects from President Trump's tariffs.

By Elizabeth Howcroft PARIS (Reuters) -European stocks were mixed on Wednesday and Wall Street futures were down as traders were cautious about signs of U.S. tariffs causing inflation. Wall Street markets fell late on Tuesday and U.

A fresh report on Tuesday marked two consecutive months of rising inflation. Consumer prices rose 2.7% in June compared to a year ago, marking a notable surge of price increases as President Donald Trump's tariff policy took hold and some retailers warned they may pass some of the tax burden onto shoppers.

June's uptick in consumer prices likely gives the Fed room to stay on hold as uncertainty over tariffs clouds the timing of its next rate cut, according to economists.

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's about to be released -- he is entitled to early access --but said not to read too much into one month's number.

A whiff of tariff inflation showed up in economic data this week, providing the first clues of how tariff policy might impact prices and the economy.