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Stocks Rise as Traders Look to US Inflation Data
Bloomberg
Stocks Rise as Traders Look to US Inflation Data: Markets Wrap
Robert Brand and John Viljoen
Thu, October 12, 2023 at 5:33 AM EDT · 4 min read
(Bloomberg) -- Shares advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps.
{snip}
The focus turns next to Thursday’s US consumer price data, which economists are forecasting to show a further easing in inflation. Fed minutes published Wednesday showed officials agreed last month policy should remain restrictive for some time, while noting the risks of overtightening now had to be balanced against keeping inflation on a downward path.
{snip}
Stocks Rise as Traders Look to US Inflation Data: Markets Wrap
Robert Brand and John Viljoen
Thu, October 12, 2023 at 5:33 AM EDT · 4 min read
(Bloomberg) -- Shares advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps.
{snip}
The focus turns next to Thursday’s US consumer price data, which economists are forecasting to show a further easing in inflation. Fed minutes published Wednesday showed officials agreed last month policy should remain restrictive for some time, while noting the risks of overtightening now had to be balanced against keeping inflation on a downward path.
{snip}