US stocks rallied for the fourth straight day on optimism that the Federal Reserve will be able to curb inflation without tipping the economy into a recession.
Investors have been whipsawed in the past two weeks between concern over runaway inflation and the fear of a US recession. The Federal Reserve’s last meeting showed that policy makers resolved to continue raising rates, a promise restated by Bullard and Waller on Thursday. But a flurry of economic data that released this week has hinted at slower growth, calming investors over the pace of tightening needed.
Worries about a brutal recession may have also been alleviated by latest data which showed that consumer spending has remained resilient despite inflation. An inverted yield curve, however, still signals fears of a recession are not over. Commodities were boosted on Thursday as China’s Ministry of Finance is said be considering allowing local governments to sell 1.5 trillion yuan of special bonds this year. But the Bloomberg Commodity Spot Index is still down about 21 per cent from a June high.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »