Reported 11 days ago
Wall Street's main indexes saw slight gains after consumer price inflation data met expectations, keeping the Federal Reserve on track for a potential interest rate cut in December. The consumer price index rose 0.2% in October, matching forecasts, which eased concerns and elevated hopes for a 25-basis point rate cut, reflected in an 82% probability after the data release. While small-cap companies and the real estate sector performed positively, shares of Spirit Airlines fell sharply amidst bankruptcy speculation.
Source: YAHOO