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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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  • robot1234
    ·2022-11-11
    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
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    • earn a meal
      Ok
      2022-11-11
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    • sfleong1
      like
      2022-11-11
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    • Bonds
      Hope so
      2022-11-11
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  • AlanChong
    ·2022-11-11
    Ok
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  • SPOT_ON
    ·2022-11-11
    Ok
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  • Sephiro
    ·2022-11-11
    Ok
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  • andrew123
    ·2022-11-11
    Like
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  • AJAJ
    ·2022-11-11
    Nice
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  • xiaobaii
    ·2022-11-11
    like & comment 
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    • DL97
      Likezzz
      2022-11-11
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    • andrew123
      done.like back
      2022-11-11
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    • AJAJ
      Ok
      2022-11-11
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  • Seah CL
    ·2022-11-11
    K
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    • Seah CL
      k
      2022-11-11
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  • YJ Lee
    ·2022-11-11
    Ok
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  • Khoo18
    ·2022-11-11
    K
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  • Chopper0905
    ·2022-11-11
    ok
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  • BlitzBison
    ·2022-11-11
    Ok
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  • Btyc
    ·2022-11-10
    👍🏻
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  • PYX
    ·2022-11-10
    Like 
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    • andrew123
      done.like back
      2022-11-11
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    • Khoo18
      k
      2022-11-11
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    • mistyzenz
      Mm
      2022-11-10
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  • Troedas
    ·2022-11-10
    Cool
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  • vxf
    ·2022-11-10
    Stay invested
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  • JeJu
    ·2022-11-10
    Ok
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    • vxf
      hi
      2022-11-10
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  • JeJu
    ·2022-11-10
    Ok
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  • kwk
    ·2022-11-10
    LLike
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    • andrew123
      done.like back
      2022-11-11
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    • Troedas
      liked
      2022-11-10
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    • CalvinYeo
      Nice
      2022-11-10
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  • PC21
    ·2022-11-10
    Good news for the mkt.
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    • Btyc
      👍🏻
      2022-11-10
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    • kwk
      k
      2022-11-10
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    • JBT
      Nice
      2022-11-10
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