Wall Street Wavers as Lower Inflation Spurs Rate Cut Hopes
Wall Street indexes dipped slightly in volatile trading amid falling Treasury yields as investors reacted to lower-than-expected U.S. inflation data, raising hopes for interest rate cuts. The Consumer Price Index rose 2.4%, below forecast, sparking optimism for Federal Reserve rate reductions this year.
Wall Street indexes experienced slight declines in a turbulent trading session on Friday, as Treasury yields fell in response to softer-than-expected U.S. inflation data for January.
The U.S. Consumer Price Index (CPI) increased by 2.4% annually, falling short of the anticipated 2.5% hike, which bolstered investor speculation that the Federal Reserve might implement interest rate cuts.
Despite an earlier surge, all three major stock indexes ended lower late in the session, with concerns over potential AI-driven disruptions in the tech sector persisting as analysts recalibrated expectations amid shifting economic signals.
Advertisement
ALSO READ
-
Markets Edge Higher Despite AI Disruption Fears and Inflation Optimism
-
Currency Shifts: Yen Surges on Inflation News
-
U.S. Stocks Gain Amid Cooling Inflation and AI Concerns
-
Dollar Holds Steady Amid Yen's Stellar Performance: Inflation Data Insights
-
Gold Prices Surge Amid Inflation Easing Expectations
Google News