People shop for bread at a supermarket in Monterey Park, California on October 19, 2022. Grocery prices were up 12.4% last month from a year earlier, a government report showed.Stocks surged in their biggest rally in two years on Thursday, after a better-than-expected inflation report showed that the galloping price increases that consumers have endured all year are beginning to slow.
, according to the Labor Department. That's a slower pace of inflation than September's 8.2% rate. It's also the smallest year-on-year increase in prices since January. Wall Street analysts said that Thursday's inflation reading will give the central bank good reason to go with a smaller hike.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »
STOCK MARKET NEWS: Midterm election and stocks, Powerball numbers drawn, Kohl’s CEO outInvestors are keeping close tabs on the midterm election outcomes for clues on how the stock market may perform in the coming months. Additionally, after a glitch, the Powerball numbers are out. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. My portfolio isn’t showing it yet. Because of 🔴🔴🔴 Wave There's no reason to consider investing in $AURI. However, there are plenty of reasons to do so.
Source: FoxBusiness - 🏆 458. / 53 Read more »
STOCK MARKET NEWS: Disney Dow drag, election limbo dings stocks, Meta layoffs announcedStock market in limbo as control of House & Senate still being determined and ahead of big inflation report. Meta latest tech giant to slash workers, Disney disappoints. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Wake up Varney! Trump leads the Party. If DeSantis doesn’t team up with Trump for 1 term, I can tell you now, the GOP is finished. The US is finished. Socialism abounds. Too many fractures if they don’t team up. And one more thing. Florida has VOTER ID! The difference is clear. SandraSmithFox has zero clue. America has now chosen inflation, crime, open border and war on oil. Stop complaining or back National Voter iD.
Source: FoxBusiness - 🏆 458. / 53 Read more »