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Wall Street greets below-forecast inflation data with ‘sigh of relief’

Por: The Boston Globe Business November 10, 2022

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The clearest sign yet that the Federal Reserve’s campaign against inflation is slowing price gains jolted risk assets higher across Wall Street on Thursday.Futures spiked, short-term Treasury yields sank and the dollar weakened versus major peers after the consumer price index accelerated less than forecast in September. The S&P 500 jumped as much as 3.7 percent after the open — the most in two years — and the benchmark is poised for its... + full article



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