US stocks gain as Federal Reserve signals rates pullback, Australian dollar jumps above 67 US cents

abc.net.au/news/asx-wallstreet-markets-currencies-commodities/101653764US stocks have increased again after US central bank officials indicated that the Federal Reserve will likely slow its interest rate rises.

She told Bloomberg last week's inflation data was "reassuring" after US consumer prices eased back over October to 7.7 over the year., sparking a share market rally."I think what's really important to emphasise is we've done alot but we have additional work to do both on raising rates and sustaining restraint to bring inflation down to 2 per cent over time."

The market is betting that the central bank may raise rates by 0.5 percentage points, instead of the supersized 0.75 percentage points that it has announced four times in a row this year.

You might want to update this 🤣

Posted 8 minutes ago, a story written 50 minutes ago, but a lot happens in that amount of time...

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Australian wine producers hoping to tap 'immense' but complex Indian marketAfter the collapse of the Chinese market due to trade disputes and soaring tariffs, a free trade agreement with India is an exciting proposition for Australian wine exporters. I would have thought that in India they would have been more focused on clean water and living conditions rather than wine but meh... Lol they can’t feed their poor but we going to sell them our wine. Which by the way is grown there and exported back to oz.
Source: abcnews - 🏆 5. / 83 Read more »