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Why Is Etsy (ETSY) Stock Rocketing Higher Today

Shares of online marketplace Etsy (NASDAQ:ETSY) jumped 5.1% in the afternoon session after the Bureau of Labor Statistics provided a revised inflation reading for December 2023, which came in lower than expected (+0.2% m/m versus the prior reading of +0.3%). This further supports the narrative that inflation is cooling, likely giving the Fed more reasons to start cutting rates in 2024.
Marc Steinberg Nielsen Holdings Syneos Health Bureau Of Labor Statistics What Happened Labor Statistics
Source: yahoo.com

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