persistent strength in the services sectorFalling yields, in turn, perked up the stock market which notched its best day so far this year. The S&P 500 rose 2.
3%, driving the index to a tidy gain of 1.5% for the week.The big inflation update that arrives on Thursday in the form of the Consumer Price Index. If that shows a third straight slowdown, Wall Street will be a happier place.
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:
Or a looming recession.