Stocks surge, dollar drops as US inflation cools

NEW YORK - Stocks surged while the dollar dropped as US inflation slowed more than expected, opening the way for the Federal Reserve to reduce the tempo of interest rate hikes.

The bigger-than-expected drop should come as a relief to monetary policymakers after wholesale inflation proved hotter than expected last week. Lower inflation and interest rates are positive for businesses, and stock prices in Europe surged after the US inflation data was released.

Imagine Lesetja had let us into double digit as per Vavi's sound revolutionary economics 😌🙄🤔

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: Dollar up, stocks down as traders eye rate paths: markets wrapThe dollar advanced and stocks extended declines in Asia at the start of a pivotal week for markets, with interest rate decisions due from the Federal Reserve, the European Central Bank and a host of their peers.
Source: dailymaverick - 🏆 3. / 84 Read more »

China Stocks are a buy on reopening, top money managers say | BusinessThe world's top fund managers are mostly bullish on Chinese stocks for 2023, predicting that equities will continue to rally as strict coronavirus measures are relaxed. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

MICHELE SANTANGELO: Stocks and bonds are clawing back after 2022 bear marketDramatic changes and whiplash market moves have provided extreme tests for investment portfolios Lies 😹
Source: BDliveSA - 🏆 12. / 63 Read more »

International Finance: Stocks eke out gains, dollar eases before CPI data: markets wrapStocks climbed while the dollar edged down amid cautious trading ahead of US inflation data that may shape the outlook for interest-rate hikes into next year.
Source: dailymaverick - 🏆 3. / 84 Read more »

Global stocks fall ahead of key inflation data, interest rates decisionsThe Fed on Wednesday, and the ECB and Bank of England on Thursday are expected to all raise rates by 50 basis points, a slowing down from the 75 basis point hikes seen in recent meetings
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian stocks lose ground as traders await US inflation dataThe focus is on US consumer price index data that many hope will persuade the Fed to step back from aggressive interest rate hikes
Source: BDliveSA - 🏆 12. / 63 Read more »