✉news BusinessMarkets first seen 4 h ago, last 4 h ago, peak #36
Wall Street climbs as cooling inflation eases Fed rate-hike fears
Original: Wall St climbs as cooling inflation tempers Fed rate-hike concerns
US stock markets rose as new inflation data came in cooler than expected, easing concerns that the Federal Reserve would continue raising interest rates aggressively. Investors interpreted the softer price readings as a sign that monetary policy may be less restrictive going forward, lifting major indices and sentiment across equities.
Why now: Fresh inflation data pointing to cooling prices is reshaping expectations about the Federal Reserve's next interest-rate moves.
Evidence
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