✉news BusinessMarkets first seen 10 h ago, last 7 h ago, peak #4
Stocks rise as soft inflation eases Fed rate-hike fears
Original: S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets
US equities moved higher after new inflation data came in softer than expected, with the S&P 500 and Nasdaq both advancing. The cooler reading led investors to scale back bets that the Federal Reserve will raise interest rates further, boosting sentiment across growth and technology shares. Traders are now watching upcoming economic releases for confirmation that price pressures continue to ease.
Why now: Softer-than-expected inflation data shifted expectations for Federal Reserve rate hikes, moving markets.
Evidence
- S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets · Yahoo Finance
- S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets · Reuters
API: https://socialmediatrends-api.osmike.com/v1/trends/505281