Published 2 years ago

Stocks close at 3-month highs on Wall Street as inflation cools

Summary by Ground News

The Standard & Poor's 500 index rose 2.1% amid a widespread rally that launched after a report showed the nation's biggest economic challenge, inflation, slowed to 8.5% at the consumer level last month. Technology stocks, cryptocurrencies and other of the year's hardest-hit investments were some of the day's biggest winners. The data encouraged traders to scale back bets for how much the Fed will raise interest rates at its next meeting.

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Washington Times

Wall Street hits 3-month high as inflation cools

Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month.

2 years ago·United States

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Los Angeles Times

Wall Street hits 3-month high as inflation cools

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July.

2 years ago·Los Angeles, United States

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The Epoch Times

Wall Street Hits 3-Month High as Inflation Cools

NEW YORK—Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month. The encouraging inflation update sparked speculation that the Federal Reserve may not have to remain as aggressive about hiking interest rates as feared. The central bank has been raising rates in an effort to slow the economy in the hopes of stamping out inflation, but that …

2 years ago·New York, United States

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Star Advertiser

Wall Street hits 3-month high as inflation cools

NEW YORK >> Stocks rallied to three-month highs on Wall Street today as investors welcomed a government report showing that inflation cooled more than expected last month.

2 years ago·Honolulu, United States

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abc 7 Chicago

Stocks close at 3-month highs on Wall Street as inflation cools

Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month.

2 years ago·Chicago, United States

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