US Inflation Slows More Than Forecast, Gives Fed Downshift Room

Bloomberg2022-11-10

CPI increased 7.7% in October from year ago, core up 6.3%Core prices eased as used cars, medical care and apparel fellUS inflation cooled in October by more than forecast, offering hope that the ...

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Comments

  • robot1234
    2022-11-11
    robot1234
    Stocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked. The Dow Jones Industrial Average jumped 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, its best since March 2020, closing at 11,114.15. October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increa
  • AlanChong
    2022-11-11
    AlanChong
    Ok
  • SPOT_ON
    2022-11-11
    SPOT_ON
    Ok
  • Sephiro
    2022-11-11
    Sephiro
    Ok
  • andrew123
    2022-11-11
    andrew123
    Like
  • AJAJ
    2022-11-11
    AJAJ
    Nice
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