Reported 20 days ago
An upcoming inflation report is set to test the resilience of the U.S. stock market rally, which has seen significant gains this year. With the S&P 500 currently poised for its third consecutive weekly gain and expectations of Federal Reserve rate cuts, any unexpected rise in inflation could shake investor confidence. While job growth remains robust, analysts suggest that a higher-than-expected consumer price index may complicate the Fed's rate cut plans at its December meeting, leading to increased market uncertainty.
Source: YAHOO