Reported about 2 months ago
US stocks rose, with the S&P 500 increasing by 0.4%, following a report indicating that the Consumer Price Index (CPI) rose just 2.9% year-over-year in July, the lowest inflation rate since 2021. This data signals a potential shift in interest rate policy, as positive inflation trends could lead the Federal Reserve to consider a rate cut in September. The overall market sentiment reflects optimism as investors digest these inflation figures.
Source: YAHOO