04:21 PM EDT, 08/14/2025 (MT Newswires) -- US benchmark equity indexes were mixed Thursday after July's wholesale price inflation accelerated to its sharpest rise in three years, raising concerns among investors that September's interest rate decision may be more cautious.

* The US Producer Price Index rose 0.9% in July, marking the largest monthly increase since June 2022 and exceeding Bloomberg's forecast of 0.2%, the Bureau of Labor Statistics reported Thursday. Core PPI, which excludes food and energy, also climbed 0.9%, beating expectations and matching June's rate, the biggest gain since March 2022. On an annual basis, headline PPI rose 3.3% and core PPI accelerated to 3.7%, both higher than the 2.4% and 2.6% respective rates seen in June.

* The chances of a 25-basis-point rate cut in September dropped to 89% on Thursday from 94% a day earlier, according to the CME FedWatch Tool, after the release of PPI data on Thursday. Meanwhile, the likelihood of rates staying unchanged next month rose to 12%, up from zero the previous day.

* September West Texas Intermediate crude oil rose $1.37 to settle at $64.02 per barrel, while October Brent crude, the global benchmark, was last seen down $1.31 to $66.94.

* Texas Pacific Land ( TPL ) shares gained about 3.8% after the company announced plans to pursue a dual listing of its stock on the NYSE Texas.

* Deere (DE) shares were down about 6.6% after the company reported lower fiscal Q3 results and cut its net income guidance for fiscal 2025.