Report
US stocks advance after Fed inflation gauge accelerates less than expected
Bloomberg reports that the reading reinforced speculation the Fed would not raise interest rates in October. Before the opening bell, it said stock-index futures wavered as investors awaited the data and Micron earnings.
TLDR
On September 30, Bloomberg said US stock-index futures wavered ahead of the opening bell as investors awaited the Federal Reserve’s preferred inflation gauge and Micron earnings. Its linked report says US stocks advanced after the gauge accelerated less than expected, reinforcing speculation that the Fed would not raise interest rates in October.
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