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Better Inflation Data Ignites Stocks With More Housing Data Coming

Por: Forbes Business November 13, 2022

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Inflation remains high but improvement is seen.getty Last Thursday, better-than-expected consumer inflation (CPI) data ignited a strong stock rally, with the S&P 500 gaining almost 6% for the week. October CPI was 7.7% year-over-year, which was lower than the 7.9% rate expected and down from the 8.2% pace in September. Consumer Inflation ReadingsGlenview Trust, Bloomberg In addition, there was an improvement in most inflation segments related to... + full article



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