US stocks on track to post best week since Trump’s election win

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The story "US stocks on track to post best week since Trump’s election win" was covered 14 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 14h ago

US stocks on track to post best week since Trump’s election win - Financial Times

Quick Summary:

Signs of slowing inflation have reinvigorated hopes among investors that the US Federal Reserve, whose next two-day policy meeting falls at the end of January, will continue lowering rates over the coming months.

This week’s inflation data meant sentiment “flipped into excited territory” again, said Mike Zigmont, co-head of trading and research at Visdom Investment Group.

Core inflation, which strips out volatile food and energy costs, fell unexpectedly to 3.2 per cent from 3.3 per cent a month before.