US stocks rise after CPI shows inflation rose at slowest pace in 2 years in April
US stocks rose Wednesday after the government's April inflation report showed further cooling of pricing pressures, a development that could support a decision by the Federal Reserve to pause or end its rate-hike campaign.
Stock futures turned higher after the Bureau of Labor Statistics released its report, putting the S&P 500 on track to rise for the third time in four sessions. increased 4.9% over the past year, marking lowest reading since May 2021. The result was below expectations of 5%. "The fall in annual US inflation from 5% in March to 4.9% in April is welcome news for the US economy. It is also welcome news, of course, for the US banking sector as the US Federal Reserve now has room to consider holding rates at its next meeting in June," Oliver Rust, head of product at Truflation, an inflation data aggregator, said in a note."
"With four banks lost in under two months due in part to the pressure of rising interest rates, the sector will breathe a heavy sigh of relief," he wrote.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tesla stock resumes rally, as Rivian’s results and broader stock market rally provide supportShares of Tesla Inc. rallied 3.0% toward a three-week high in morning trading Wednesday, as better-than-expected results from fellow electric vehicle maker...
Consulte Mais informação »
S&P500 Futures retreat, yields grind higher amid cautious mood ahead of US debt-ceiling talksS&P500 Futures retreat, yields grind higher amid cautious mood ahead of US debt-ceiling talks – by anilpanchal7 SP500 Futures YieldCurve FiscalPolicy Inflation
Consulte Mais informação »
San Diego to open homeless camp sites at two parking lots near Balboa ParkThe two lots could accommodate about 500 tents and would be an alternative to congregate shelters
Consulte Mais informação »
‘Fertility Fraudster’: Netflix Greenlights Series On Man Accused Of Fathering More Than 500 ChildrenEXCLUSIVE: The story of a Dutch YouTuber accused of fathering more than 500 children is to be explored in a Netflix documentary series titled Fertility Fraudster [working title]. The three-part ser…
Consulte Mais informação »
U.S. stock futures dip as inflation data loomS&P 500 rally has stalled with looming debt ceiling deadline moving into focus
Consulte Mais informação »
Giant 3-story barge arrives in UK to house 500 asylum seekersThe UK government has leased the Bibby Stockholm, which says it offers “luxury living,” for 18 months.
Consulte Mais informação »