Weaker Inflation Data Boosts Hopes for Fed Pause on Rate Hike.
TL;DR Summary
US stocks rose after weaker-than-expected inflation data boosted hopes that the Federal Reserve will pause its interest rate hikes. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained 0.4%, and the Nasdaq Composite added 0.9%. The market's gains were attributed to investors' optimism that the Fed will take a more cautious approach to raising interest rates in light of the lower inflation data.
- US stocks rise after weaker inflation data bolsters Fed pause hopes Financial Times
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- Majority of investors say Fed isn't done tightening: BofA Fund Managers Survey Yahoo Finance
- Wall Street is betting on a rate hike pause from the Fed in July CNBC Television
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