3 data points that could impact how big of a Fed rate cut the market gets next month [Video]

Following cooler-than-expected producer price data Tuesday morning, the market’s 50/50 odds between a quarter-point Federal Reserve interest rate cut in September and a half-point cut tilted further toward the bigger move. That sparked a big rally in stocks, with the Nasdaq leading the way higher and jumping more than 2% in afternoon trading. Here are the details of three important data points that can help us gauge the health of the U.S. economy and whether companies can continue to thrive.