Inflation Drop Fuels Rate Cut Speculation, Investors Shift To Sector Laggards, Russell 2000 Surges Over 3.6%: This Week In The Markets

Quick Summary:

A higher-than-expected producer inflation data report Friday did little to alter these expectations significantly, as the latest consumer sentiment report from the University of Michigan confirmed subdued morale and a decline in inflation expectations.

Consumer price index data this week provided encouraging signs that American inflation is moving ever closer to the Federal Reserve’s much-discussed 2% target.

The annual inflation rate dropped more than expected to 3% in June 2024, reaching its lowest level since March 2021.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: US38259P5089 RSP ETFs Equities Top Stories Federal Reserve IWM Econ #s US78462F1030 Inflation Interest Rates Broad U.S. Equity ETFs Weight Loss US5949181045 Small Cap Tech US7170811035 Russell 2000 US4642876555 Week in Review US78355W1062 GOOGL XLRE Stories That Matter AAPL Sector ETFs US0378331005 Danuglipron PFE Benzinga META MSFT Large Cap SPY

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 20:33:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21587906

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