Tame Inflation Signals More Rate Cuts: 7% Dividend Stocks To Buy Now

Tame Inflation Signals More Rate Cuts: 7% Dividend Stocks To Buy Now

The recent inflation reading of 3% represents moderate price growth, which is above the Federal Reserve’s long-term target of 2% but well below the elevated rates seen in 2022 and early 2023. At this level, inflation indicates that the general price level of goods and services has increased by 3% compared to the same period a year earlier, affecting consumers’ purchasing power and potentially influencing central bank policy decisions. The 3% num…

Stocks hit record highs on positive U.S. inflation data

U.S. stocks surged to record highs on Friday as major indexes climbed, fueled by data revealing even milder-than-expected inflation last month and bolstering bets on a Federal Reserve interest rate cut at next week's policy meeting. Reuters: ‎ The U.S. Consumer Price Index rose 0.3% last month, slightly less than the expected 0.4%, after climbing 0.4% in August. "Today's inflation data shows that we're not in a crisis like 2022. Prices are growi…

Wall Street Hits Record High as Cool Inflation Data Boosts Rate Cut Bets

Wall Street indexes hit record highs as inflation data fuels hopes for Federal Reserve rate cuts. Learn more here.