Stocks rise on cooler-than-expected inflation data

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Stocks rose on Wall Street Tuesday, boosted by more signs the nation's high inflation may be falling off faster than expected.

by central banks to cool inflation might tip the global economy into recession.

"Though today's reading and last week's CPI report show prices are heading in the right direction, the Fed is still on pace to raise rates another 50bps in December, with a smaller increase possible in February, as it seeks to bring down inflation markedly," economists at Oxford Economics said in a research note.

"The Fed will likely increase the fed funds target by 0.50% in December and potentially slow further rate increases to 0.25% increments," said Jeffrey Roach, Chief Economist for LPL Financial, in a note."Barring geopolitical or financial crises, inflation should continue its deceleration into 2023."

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:

 /  🏆 87. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤣🤣 Anything,any crumb of hope they can drum up to cover for the puppets massive failure.🤣

Watch the PROPAGANDA STORY CHANGE, just be patient, it’ll come. BREAKING NEWS: OH CRAP services inflation and wages not going down and demand has fallen drastically.

Wall St. is not the economy. Wall St. is a pyramid scheme based on billionaires emotions.

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.

U.S. Stocks Drop After Last Week’s Big RallyU.S. stocks slipped and government-bond yields rose Monday as investors digested new comments from Fed officials How many traders are still trading the way showing in this picture? It's funny.
Source: WSJ - 🏆 98. / 63 Read more »