Wall Street Has Best CPI Day Since at Least 2023: Markets Wrap

Category: Finance

Wall Street experienced a significant rally following a surprise slowdown in inflation, with the S&P 500 rising about 2%. The US CPI for December increased less than expected, leading to renewed expectations for Federal Reserve rate cuts. Major indices saw substantial gains, and the bond market reacted positively with a drop in yields. Analysts suggest that while the latest CPI data is encouraging, it may not prompt immediate rate cuts, but it does support the case for future easing as inflation pressures moderate.

Keywords: Inflation, Federal Reserve, Stock Market

Source: Yahoo Finance

Update At: 1/16/2025

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