US stocks retreat despite better inflation data

📆 2023/01/12 21:58:00
📰 malaymail

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NEW YORK, Jan 12 — Wall Street stocks declined early today as markets weighed how the latest signs of moderating inflation will affect upcoming Federal Reserve interest rate...

NEW YORK, Jan 12 — Wall Street stocks declined early today as markets weighed how the latest signs of moderating inflation will affect upcoming Federal Reserve interest rate decisions.

Although generally positive, the report showed services inflation remained above the Fed’s target rate. Some analysts said anticipation of the better inflation data had lifted US equities the last two days.

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