Cool Inflation Data Boosts Equities
Cool inflation data supports continued strength in equity markets
Too little corroboration in the last 3 days to call a trend (20 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"The U.S. stock market hit all-time highs Thursday on new data that showed inflation cooled in July, as well as a decline in oil prices."
"Wall Street relaxed after a report showed prices at the U.S. wholesale level were 4.7% higher last month than a year earlier. While that's still very high, it's not as bad as June's 5.5% inflation rate at the wholesale level, and it was slightly better than economists expected."
"Asian markets advanced on Thursday as technology shares rebounded and as an in-line US inflation print for July eased worries about monetary tightening in the world's largest economy."
"the Nasdaq Composite showed a rise of 42.9 points, translating to a 0.16% increase, landing at 26631.341 as the market opened, reflecting elevated investor sentiment amid favorable economic indicators."
"The U.S. stock market rose to a record following the latest sign that inflation is getting less bad. The S&P 500 climbed 0.7% and topped its prior all-time high set last week."
"S&P 500 Hits New High On Cool Inflation Data, Triggers A Bullish Market Upgrade"
"US stocks opened higher following the report, while Treasury yields declined as investors reduced bets on a September rate hike."
"Economists expect new data to show to show inflation slipped to 3.4% in July from 3.5% in June. Cooler inflation could relieve pressure on the Fed to raise interest rates."
"Financial markets also reacted positively to stable interest rate expectations, underpinned by modest inflation growth in July, curbing the necessity for immediate Fed intervention."
"Stock market futures rose following the release while Treasury yields were negative across the board."