Followers

Friday, February 16, 2024

Hot US inflation report stops Wall Street stocks rebound

US wholesale prices saw a larger-than-expected increase on Friday, causing concerns about the timing of interest rate cuts and halting Wall Street's recent rebound. This comes after data released earlier in the week showed that US consumer price inflation slowed less than anticipated in January, dealing a blow to hopes of an early rate cut by the US Federal Reserve.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xGF50Na

No comments:

Post a Comment

Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...