The market got a slight boost Friday after the Federal Reserve's preferred inflation gauge showed a less-than-expected increase in prices. The, which excludes energy and food costs, rose 0.3% in February, less than the 0.4% expected by economists polled by Dow Jones.
Primary credit lending totaled $88.2 billion while banks took out $64.4 billion through the Fed's new Bank Term Funding Program, according to Fed data released Thursday that covered the period from March 22-29. That total of $152.6 billion was down slightly from $164 billion the week before and a further sign the crisis was stabilizing as the month comes to an end.ticked higher in Friday premarket trading, continuing its comeback from the contagion lows.
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Stock market news: S&P 500 hits 3-week high as bank fears easeUS stocks jump as traders put bank crisis behind them and brace for more inflation data It's encouraging to see the progress already made in putting the bank crisis behind us, and exciting to anticipate more inflation data!
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