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Stocks rise on cooler-than-expected inflation data

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Stocks rose on Wall Street Tuesday, boosted by more signs the nation's high inflation may be falling off faster than expected.

by central banks to cool inflation might tip the global economy into recession.

"Though today's reading and last week's CPI report show prices are heading in the right direction, the Fed is still on pace to raise rates another 50bps in December, with a smaller increase possible in February, as it seeks to bring down inflation markedly," economists at Oxford Economics said in a research note.

"The Fed will likely increase the fed funds target by 0.50% in December and potentially slow further rate increases to 0.25% increments," said Jeffrey Roach, Chief Economist for LPL Financial, in a note."Barring geopolitical or financial crises, inflation should continue its deceleration into 2023."

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🤣🤣 Anything,any crumb of hope they can drum up to cover for the puppets massive failure.🤣

Watch the PROPAGANDA STORY CHANGE, just be patient, it’ll come. BREAKING NEWS: OH CRAP services inflation and wages not going down and demand has fallen drastically.

Wall St. is not the economy. Wall St. is a pyramid scheme based on billionaires emotions.

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