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The probe will address issues faced by BLS in collecting information regarding PPI and CPI, as well as the monthly employment reports.

Inflation is now cooling and employment is clearly weakening. Perhaps the Fed is back to considering a 50 bps cut, instead?

In an interview with CNBC, El-Erian was reacting to the August PPI report, which showed wholesale inflation declined by 0.1%.

The producer price index, which is a gauge of prices that producers get for their goods and services in the open market, edged lower by 0.1% in August.

According to a Bloomberg report citing data from the Mortgage Bankers Association, the interest rate on a 30-year mortgage declined by 15 basis points to 6.49% for the week ended September 5.

While Dow Jones futures edged lower by 0.15% at the time of writing, the S&P 500 futures rose 0.25%.

Oracle’s (ORCL) positive near and medium-term outlook has pushed its stock higher in premarket trading, and the guidance has positive readthrough for other artificial intelligence (AI) companies as well.

The survey also found that U.S. companies viewed their Chinese rivals as more advanced on six of the eight criteria, including speed to market and adoption of artificial intelligence.

The ruling allows Cook to participate in next week’s widely-awaited meeting of the Federal Open Market Committee, which is the rate-setting committee of the central bank.