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Stock Market Nears Record as Dream of Interest-Rate Cuts Refuses to Die

Por: MarketWatch Business January 13, 2024

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Nothing seemed able to knock the market down. December’s consumer price index increased by 0.3% on a monthly basis, a tenth of a point above expectations. On a year over year basis, prices were up 3.4%, above the 3.1% annual rate in November. On its face, the number wasn’t great for investors who hoped that inflation will fade away and the Fed will turn its attention to cutting rather than raising. But the data were complicated enough that... + full article



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