US stocks retreat despite better inflation data

  • 📰 malaymail
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK, Jan 12 — Wall Street stocks declined early today as markets weighed how the latest signs of moderating inflation will affect upcoming Federal Reserve interest rate...

NEW YORK, Jan 12 — Wall Street stocks declined early today as markets weighed how the latest signs of moderating inflation will affect upcoming Federal Reserve interest rate decisions.

Although generally positive, the report showed services inflation remained above the Fed’s target rate. Some analysts said anticipation of the better inflation data had lifted US equities the last two days.

 

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

 /  🏆 1. in BUSİNESS

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.

Global stocks rise, bond yields rise with December’s upcoming price data in focusNEW YORK, LONDON, Jan 11 — Wall Street’s major stock averages closed higher yesterday, steadying in the afternoon after early volatility while Treasury yields rose as investors...
Source: malaymail - 🏆 1. / 86 Read more »