✉news BusinessMarkets first seen 6 h ago, last 6 h ago, peak #1
S&P 500 and Nasdaq rally as inflation cools
Original: S&P 500, Nasdaq climb as soft inflation dampens Fed rate hike expectations
US stocks moved higher after fresh inflation data came in softer than expected, easing fears that the Federal Reserve would raise interest rates again soon. The S&P 500 and the Nasdaq both climbed on the news, with investors interpreting the cool print as a sign that price pressures are finally easing. Traders are now recalibrating expectations for the Fed's next move.
Why now: Softer inflation data directly shifted market expectations about Federal Reserve rate hikes, moving major US stock indexes.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/519623