At 12:18 p.m. ET, the Dow Jones Industrial Average was up 959.59 points, or 2.95 per cent, at 33,473.53, the S&P 500 was up 172.53 points, or 4.60 per cent, at 3,921.10, and the Nasdaq Composite was up 631.19 points, or 6.10 per cent, at 10,984.36.
Headline inflation came in at 7.7 per cent, the lowest since January, before Russia’s war in Ukraine pushed up commodity prices. More important for the Fed, the core measure that excludes food and energy slowed more anticipated. Fed officials appeared to back a downshift in rate hikes after a stretch of four jumbo-sized increases. They also stressed the need for policy to remain tight.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks just spiked the most in two years on cooler inflation dataUnited States consumer price index showed inflation has slowed, sending stocks soaring. Read on
Source: nationalpost - 🏆 10. / 80 Read more »
Stocks skyrocket in what could be the best inflation day rally in more than a decadeUnited States consumer price index showed inflation has slowed, sending stocks soaring. Read on
Source: financialpost - 🏆 7. / 85 Read more »
Stocks just spiked the most in two years on cooler inflation dataUnited States consumer price index showed inflation has slowed, sending stocks soaring. Read on
Source: financialpost - 🏆 7. / 85 Read more »
Stocks just spiked the most in two years on cooler inflation dataUnited States consumer price index showed inflation has slowed, sending stocks soaring. Read on
Source: fpinvesting - 🏆 43. / 63 Read more »
Stocks skyrocket in what could be the best inflation day rally in more than a decadeWhoa! Stock markets including the TSX spike the most in two years on lower-than-expected U.S. inflation data Stocks StockMarkets Slowing inflation? Huh it’s still 7.7%… good luck getting down to 2 %
Source: nationalpost - 🏆 10. / 80 Read more »
Stocks skyrocket in what could be the best inflation day rally in more than a decadeStocks skyrocket in what could be the best inflation day rally in more than a decade inflation data Stocks StockMarkets
Source: nationalpost - 🏆 10. / 80 Read more »