Stocks rise after inflation data shows a reacceleration: Stock market news today

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

August's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Interest rate futures reflected growing confidence that the U.S. central bank probably will not increase rates any further after data showed U.S. consumer prices increased by the most in 14 months in August, but the annual rise in underlying inflation was the smallest in nearly two years.

It raises the question about what the Federal Reserve will do about interest rates given its focus on bringing inflation down. Apple unveiled the iPhone 15 and Apple Watch series 9, but investors weren't exactly enthused with the new offerings, as China finally says it has not issued any ban on iPhones. The UAW negotiations with the Big Three automakers are ongoing as a strike deadline looms. Yahoo Finance Live brings you the three stories you need to be watching today.More than 1.

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:

 /  🏆 47. in SG
 

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

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Tesla tops list of most shorted stocks for third month in August: data firmCharter Communications and Apple also draw significant interest
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks jump amid hopes for soft landing, Tesla surges: Stock market news todayWall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »