US EditionWall Street Hits Records Following an Encouraging Update on Inflation
Wall Street gains follow a smaller-than-expected 3% rise in U.S. consumer prices, boosting hopes for Federal Reserve interest rate cuts to support economic growth.
- On Oct 24, 2025, Wall Street headed for record highs after a report showed U.S. households felt less pain from inflation and the S&P 500 rose 0.7% Friday.
- Released more than a week late, the Consumer Price Index report showed consumer prices rose 3% in September year-over-year while core consumer prices excluding food and energy declined from 3.1% to 3%.
- The equity gains included the Dow Jones Industrial Average adding 226 points and the Nasdaq composite rising 0.9%, while Intel Corporation climbed 6.8%.
- Analysts said the report will likely encourage the Federal Reserve to cut its key interest rate at next week's Fed meeting after figures showed a smaller inflation increase than forecast.
- In Seoul, the Kospi surged 2.5% to 3,941.59, while Hong Kong's Hang Seng gained more than 0.7% to 26,160.15 and oil prices rose with Brent crude at $66.24 per barrel.
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Wall Street heads for records following an encouraging update on inflation (Business)
Wall Street is heading for records after an update said U.S. households are feeling a bit less pain from inflation than feared. The S&P 500 climbed 0.7% Friday and was on track to top its all-time high set earlier this month. The Dow Jones Industrial Average added 226 points and was likewise hea...
The New York Stock Exchange ended at new heights on Friday, with a wind of optimism following the announcement of lower inflation than expected in September, which confirms the expectations of the US central bank (Fed) rate declines.
New York stock markets closed higher on Friday, reaching new record closing levels. Investors reacted with relief to lower-than-expected September inflation figures. The better-than-expected figures further boosted hopes for a rate cut by the Federal Reserve.
With those who speeded up less than expected, investors once again put this Saturday at risk and took the major North American guilders to memory. Fed now has the free way to continue to reduce interest rates.
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