Reported about 15 hours ago
Wall Street's main indexes rose after an inflation report confirmed expectations of an interest rate cut by the Federal Reserve later this month. The Consumer Price Index rose by 0.3% in November, aligning with forecasts, while core inflation remained steady at 3.3%. The likelihood of a 25 basis point rate cut surged to over 96% following the data, bolstering investor confidence, particularly in technology stocks, and resulting in gains for companies like Tesla and Amazon. Despite some challenges, the markets are nearing all-time highs.
Source: YAHOO