US stocks gain as inflation shows signs of moderating

NEW YORK, May 27 — Wall Street stocks rose early today, extending a recent positive run for the market following US data that suggested inflation is moderating.

The report also showed that expenditures jumped 0.9 per cent, suggesting “US consumers may feel sour about inflation, but they are still spending at a healthy clip,” as Oxford Economics Lydia Boussour put it.

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