Buying In Stocks On Inflation Data, Musk And Ramaswamy Doge
Stock futures were lower prior to the data. Aggressive buying came into stocks after the data. Buying is aggressive in Trump linked stocks such as Tesla Inc TSLA. Bitcoin was pulling back before CPI was released. Aggressive buying came in after the release of the data.
Stocks struggle on unease about higher bond yields as focus turns to US inflation
LONDON/TOKYO (Reuters) -World stocks dropped for a second successive day on Wednesday, jolted by another push higher in U.S. Treasury yields ahead of inflation data that could inform the pace of Federal Reserve policy easing.
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in D.C.
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