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Inflation impacts stock prices and sector performance broadly, too, which causes investors to rethink their asset allocations and investment strategies, further spurring market volatility.
The big economic release today is CPI, which is the most broadly watched inflation figure. The headline figure is that CPI rose 2.9%, which is above recent readings ( such as 2.4% in September ).
US stocks ended Wednesday's session mostly higher as investors took in the lowest inflation reading in three years. Consumer prices rose 2.9% year-over-year in July, solidifying bets for Fed rate ...
Stocks wobbled before a key inflation report. November CPI data comes ahead of the Fed's final meeting of 2024, with markets eyeing another rate cut. Stock market today: Indexes slip as investors ...
The investment bank is still placing ~5% odds on a month-over-month number that comes in above 0.6%, and 27.5% odds we see inflation rise between 0.4% and 0.6% from the prior month.
The declines follow rises across the board on Wednesday, which saw a fresh record close for both the S&P 500 and the Dow, and comes after inflation proved stickier than expected last month.
Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both points suggest the Fed ...
US stocks climbed higher as traders took in inflation figures from October that were in-line with estiamtes. Consumer prices rose 2.6% on a yearly basis last month and 0.2% for the month.