Economic TimesLean R·
US Stock Market: Fed officials welcome softer US inflation, seek more evidence before policy shift
Federal Reserve officials noted cooling inflation data but stressed more months are needed. They indicated a weakened case for a near-term rate hike while remaining cautious. Market attention now shifts to producer price data for broader inflation trends. Investors have reduced expectations for an imminent interest rate increase. Policymakers remain committed to restoring price stability and await further confirmation.
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