It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street.
Category: Inflation (Economics)
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Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes
The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.
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U.K. Inflation Edges Higher, Halting 10-Month Decline
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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U.K. Inflation Edges Higher, Halting 10-Month Slide
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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A Fed Governor Reiterates That Rate Cuts Are Coming
Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.
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Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down
Inflation remains faster than usual — and month-to-month bumps are still likely as volatile prices fluctuate — but it is making progress back toward a normal pace.
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Inflation Is Moderating, but Pressure Remains on Biden
Voters have taken a downbeat view of the economy because costs have remained stubbornly high.
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U.S. Added 216,000 Jobs in December, Outpacing Forecasts
Hiring has throttled back from 2021 and 2022, but was impressive last year by longer-term standards.
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Brisk Wage Gains in December Could Keep the Fed Watchful
Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.
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Carrefour Drops PepsiCo Products in France Over High Prices
Carrefour, a supermarket chain, said the maker of Pepsi, Lay’s and 7-Up was keeping its food “unacceptably” expensive despite falling inflation.
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Fed Minutes Showed Officials Feeling Better About Inflation
Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open, December minutes showed.
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Will America’s Good News on Inflation Last?
One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last into 2024.