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Wall Street Rallies As Inflation Data Fuels Fed Rate Pause Hopes

Wall Street rose on Thursday after milder-than-feared July consumer prices data fueled hopes the Federal Reserve could leave interest rates unchanged next month. The consumer price index (CPI) for July climbed 3.2% on an annual basis, less than the 3.3% rise expected by economists. Excluding volatile components such as food and energy, prices rose 4.7% in the 12 months to July compared with a 4.8% rise seen in the month before. Separately, the number of Americans filing new claims for unemployme... Read More

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Content Topics

Wall

Street

Rallies

Inflation

Data

Fuels

Rate

Pause

Hopes

Forex

Posted: Aug 10 2023, 15:27

Author Name: vladimirribakov

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