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US stocks end higher as inflation data cements bets on rate hike pause By Reuters

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*S&P 500, NASDAQ END AT 13-MONTH HIGHS AS U.S. STOCKS RALLY AHEAD OF FED DECISION $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸

) gave an update on its artificial intelligence strategy that failed to impress investors. AMD dropped 3.6%.

On a year-on-year basis, headline inflation increased by a less-than-estimated 4.0%, reflecting declines in the cost of energy products and services, including gasoline and electricity. "But it's another one of those that you can cut whichever way you want to make your case. If you want to be bullish, you say inflation is down more than 50% since its peak. If you want to be bearish, you can say inflation is still more than twice the Fed's target," Young said.

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