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Inflation Data Boots Wall Street
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Sticky inflation might make it more tricky for Fed rate cuts, CPI could show
A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next year.
Inflation Data Boots Wall Street as Stocks Hover Near Records
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
6d
Wall Street Reacts to the Fed Decision
Here's what Wall Street has to say following the Fed's quarter-percentage-point rate cut: "The potential for future trade and ...
6d
US Fed Meeting Live Updates: Wall Street cheers Fed rate cut, US election results; S&P, Nasdaq close at record high
Jerome Powell-led FOMC voted unanimously to slash the benchmark interest rate by 25 bps to 4.50 - 4.75 per cent in the ...
1d
Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets ...
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