Rate hikes and recession are still in the cards

There appears to be some confusion about the trajectory of prices in the US. That's partially because month-over-month inflation eased in July while year-over-year, it remained near historic highs. 

News: What you need to know about the markets     Rate hikes and recession are still in the cards There appears to be some confusion about the trajectory of prices in the US. That's partially because month-over-month inflation eased in July while year-over-year, it remained near historic highs.  Read more »   Judge denies Trump Org and former CFO's motion to dismiss tax fraud indictment A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg's motions to dismiss tax fraud charges during a hearing Friday. Read more »   UK recession looms as households feel pain of soaring energy bills Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests average annual energy bills could exceed £5,000 ($6,000) next year. Read more »   Johnson & Johnson will stop selling talc-based baby powder around the world in 2023 Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Read more »   Beyond oil, there's not much to cheer about on inflation Prices in the US stayed the same last month. That's a cause for celebration: it's the first time they haven't gone up since November 2020. Read more »   Walgreens is paying signing bonuses up to $75,000 to pharmacists Pharmacists are in such high demand that Walgreens is dangling lucrative signing bonuses to fill open positions. Read more »

Dow Nasdaq S&P +424.38   +267.27   +72.88 33,761.05   13,047.19   4,280.15 +1.27%   +2.09%   +1.73% YTD -7.09%   YTD -16.60%   YTD -10.20%

Biggest Winners Broadridge Financial Solutions Inc +7.95%   Albemarle Corp +5.97%   Generac Holdings Inc +5.32%   Cardinal Health Inc +5.03% Biggest Losers PerkinElmer Inc -1.89%   Coterra Energy Inc -1.78%   Organon & Co -1.34%   Johnson & Johnson -1.10%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $91.85 -2.49 / -2.64% Gold $1,818.00 +10.80 / +0.60% 10-yr 2.85% -0.04 Euro $1.03 -0.01 / -0.55%

More Markets Now   Watch the live digital show, now every Wednesday 12 p.m. to 12:15 p.m. ET.

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNow@cnn.com

Sign up for Reliable Sources newsletter   Sign up for Before the Bell newsletter

Tips, thoughts or questions are always welcome at MarketsNow@cnn.com   Want to change how you receive these emails? You can unsubscribe from this list   ® © 2022 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter. Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303