 "US stocks rise after in-line inflation data meets Fed expectation")
US stocks rose after in-line inflation data spurred bets the Federal Reserve won’t have to accelerate plans to tighten monetary policy.
The S&P 500 gained 0.5 per cent and Nasdaq 100 added 0.6 per cent as the headline CPI rate came in at 6.8 per cent, as expected, which is the highest since 1982.
Meanwhile, the yield on the US 10-year Treasury fell to 1.47 per cent as traders trimmed bets on the pace of Fed tightening.
The S&P 500 gained 0.5 per cent and Nasdaq 100 added 0.6 per cent as the headline CPI rate came in at 6.8 per cent, as expected, which is the highest since 1982.
Meanwhile, the yield on the US 10-year Treasury fell to 1.47 per cent as traders trimmed bets on the pace of Fed tightening.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%