Cool Inflation Data Propels Stocks to Fresh Records
Wall Street now expects the Federal Reserve to hold rates steady next month.
Wall Street now expects the Federal Reserve to hold rates steady next month.
BELLINGS Intelligence Score: 72
Why it matters
The cooler-than-expected inflation data shifts market expectations toward a steady Federal Reserve rate policy, directly impacting borrowing costs, credit availability, and refinancing decisions across credit markets.
Sources
The Wall Street Journal
Cool Inflation Data Propels Stocks to Fresh Records
Wall Street now expects the Federal Reserve to hold rates steady next month.
The Wall Street Journal
S&P 500 Logs Third-Consecutive Weekly Gain
Stocks got a lift from new bets that the Federal Reserve will hold rates steady in September.