News Formal

Stocks rebound on mixed US inflation report

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Philippine stocks bounced back Thursday as investors digested the latest inflation report from the United States. The main composite index

Philippine stocks bounced back Thursday as investors digested the latest inflation report from the United States.

A mixed US inflation report also boosted Asian equity markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year’s end. “However, the is not likely to declare victory until it sees further evidence of improvement towards the two percent target. They will remain open to further rate hikes, if needed.”

The Fed has insisted that its decision-making would be based on incoming data, meaning any indication that prices were on their way back up will likely spook markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 20. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Philippine stocks rebounded ThursdayPhilippine stocks bounced back Thursday as investors digested the latest inflation rate from the United States. The main composite index
Source: MlaStandard - 🏆 20. / 55 Read more »

Philippine stocks fall to 11-month low on oil price surgeLocal stocks fell to an 11-month low Wednesday on heightened investor caution ahead of the release of the US August
Source: MlaStandard - 🏆 20. / 55 Read more »