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Wall Street closed higher Thursday after a report showed consumer inflation slowed again last month, bolstering hopes the Federal Reserve will take it easier on the economy through smaller interest rate increases.
NEW YORK (AP) — Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. While the report on U.S. inflation was clearly encouraging, stocks had already rallied earlier this week in anticipation of […]
While it’s hard to predict how fast the US will return to the Fed’s 2 per cent target, it’s probably a safe bet to expect it will get there faster than Australia.
U.S. stocks were active in early Thursday trading following a key December inflation reading that showed a sixth consecutive monthly decline in consumer prices that could add more pressure on the Fed to alter its monetary tightening stance.
NEW YORK — Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. While the report on U.S. inflation was clearly encouraging, stocks had already rallied earlier this