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Tech-heavy Nasdaq climbs sharply, U.S. stocks rise as investors parse inflation data ahead of Fed meeting next week

Por: MarketWatch Business January 27, 2023

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What’s driving markets Stocks were up Friday afternoon and heading for weekly gains, as investors parsed fresh economic data including a reading from the Federal Reserve’s preferred inflation gauge showing more signs of the cost of living cooling in the U.S. The personal-consumption-expenditures price index rose 0.1% in December for a rate of inflation of 5% over the past year, according to a from the Bureau of Economic Analysis. Inflation... + full article



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