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The Federal Reserve is on traders' minds after news reports suggest the Fed will not be hiking rates any time soon. Wall Street had been pricing-in a hike as early as August. A mixed inflation picture, however, means the Fed will be on guard. Producer prices saw a bigger-than-expected jump last month. But excluding food and energy, the so-called core rate moderated as expected. Meantime, housing continues to be a drag on the economy. The number of new home construction projects fell to a 17-year low in May. Goldman Sachs announced an 11 percent drop in profits. The closely watched investment bank once again earned money when many of its peers are posting billions of dollars in losses. The stock is moving higher. Conway Gittens, Reuters.