Dollar Mixed After Flat PPI as Fed Hike Bets Cool

The Federal Reserve is like the person in charge of keeping money in the United States healthy.

One way it does this is by deciding how expensive it is to borrow money.

When borrowing gets more expensive, people buy less, and prices stop going up so fast.

Prices going up is called inflation.

Every month, the government checks what factories charge for the things they make.

In July, those prices stayed the same, which is a sign that inflation is slowing down.

Because of that, many people now think the Fed will not raise borrowing costs in September.

The chance of a hike dropped from 40% to 35%.

In other news, the dollar's value barely changed against other currencies.

Somewhere far away, drones reportedly hit an oil refinery, which made oil prices wobble because the world worries about getting enough fuel.