50 Days
Source:
مباشر
US stocks gain as oil falls and rate hike looms
Stock indices on Wall Street rose sharply after the release of inflation data showing an increase in price levels during August, which boosted the likelihood of the Federal Reserve raising interest rates by 25 basis points next week. The S&P 500 increased by 1.1%, the Nasdaq by 1.2%, and the Dow Jones by 1.1%. Data from the Bureau of Statistics indicated that overall inflation and core inflation rose by 0.4% and 0.3%, respectively, with the annual core inflation rate decreasing to 2.4%. This led to a surge in bond market expectations for a rate hike, with the yield on 10-year bonds jumping to 4.957%. Additionally, rising oil prices due to tensions between the United States and Iran contributed to increased inflationary pressures, with diesel prices surpassing $6 per gallon for the first time. Markets are using this data to assess the likelihood of a rate increase, which could prompt further actions by the Federal Reserve amid ongoing economic and geopolitical pressures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)