Investing.com-- US stocks rallied Friday, underpinned by falling Treasury yields as cooler-than-expected inflation data eased concern that the Federal Reserve could turn even more hawkish next year.Treasury yields fell after data showing that inflation cooled in November, eased investor fears of an even more hawkish Federal Reserve next year.release, the Fed’s preferred inflation gauge, rose 2.4% in November on an annual basis, compared with estimates of 2.5%. On a monthly basis, it rose just 0.
This release calmed some concerns as upside risks to inflation were back on the Fed's radar, with US consumer prices increasing by the most in seven months in November, and the potential for the new Donald Trump administration to authorise trade and tax policies that many see as inflationary. The new bill replaced a bipartisan deal to approve government spending, after Trump and tech billionaire Elon Musk came out in opposition of the old deal.
A government shutdown presents another layer of uncertainty for Wall Street, which was already nursing steep losses from earlier this week after the Federal Reserve cut interest rates but flagged a substantially slower pace of rate cuts in 2025.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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