A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report showed inflation holding steady, bolstering investor optimism for a potential interest rate cut by the Federal Reserve. The data, which revealed that inf

A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report showed inflation holding steady, bolstering investor optimism for a potential interest rate cut by the Federal Reserve.

Receipts for the month grew 2%, or $8 billion, to $338 billion, while outlays jumped 10%, or $56 billion, to $630 billion, a record high for the month. The month of July this year had fewer business days than last year, so the Treasury said that adjustin

Shares of wellness company Medifast (NYSE:MED) jumped 3.9% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statisti

Shares of snack food company J&J Snack Foods (NASDAQ:JJSF) jumped 3.2% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated. The July report from the Bureau of La

Shares of personal care company Edgewell Personal Care (NYSE:EPC) jumped 3% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Labo

Shares of pet company Central Garden & Pet (NASDAQ:CENT) jumped 3% in the morning session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statistic

Shares of food and beverage supplier MGP Ingredients (NASDAQ:MGPI) jumped 3.2% in the morning session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Lab

Shares of beer company Boston Beer (NYSE:SAM) jumped 3% in the morning session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statistics indicated

Shares of plant-based protein company Beyond Meat (NASDAQ:BYND) jumped 3.9% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated.

Shares of beauty products company Estée Lauder (NYSE:EL) jumped 3.2% in the morning session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statist

Shares of potato products company Lamb Weston (NYSE:LW) jumped 3.2% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statis

Shares of hair care company Olaplex (NASDAQ:OLPX) jumped 3.8% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated. The July report from the Bureau of Labor Stati

Shares of skincare company BeautyHealth (NASDAQ:SKIN) jumped 3.2% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated. The July report from the Bureau of Labor S

With inflation pressures building, one market veteran says a Fed rate cut could do more harm than good.