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US stock indices ended in the green on Thursday, the Dow Jones added more than 200 points, while the S&P 500 and the Nasdaq advanced 0.3% and 0.6% respectively. Investors continued to digest December’s US CPI report that showed the annual headline and core inflation rates slowed to 6.5% and 5.7%, respectively, extending the retreat from their peaks last year and reinforcing bets that the Federal Reserve could further slow its aggressive tightening campaign. Energy shares benefitted from higher oil prices and led the gains for the session, followed by strong performances in real estate and communication services. Additionally, initial unemployment claims unexpectedly fell to a three-month low last week, confirming the stubbornly tight labor market.
The Fed is not done in my opinion. They need to neutralize the highly leveraged offshoredollar market to avoid hyperinflation in the US. The pace of which China and others are de-dollarizing their bs and trade forces them to hike even more.
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