Wall St ends up as data suggests inflation may be on downward trend

U.S. stocks closed higher, extending recent gains, as data showing a fall in consumer prices in December bolstered expectations of less aggressive interest rate hikes from the Federal Reserve

showed, giving some hope that inflation was now on a sustained downward trend.

Friday brings results from a number of big U.S. banks, kicking off the start of the fourth-quarter earnings season for S&P 500 companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal Reserve’s Powell warns the bank not to ‘wander’ into climate, social programsFederal Reserve Chairman Jerome Powell says institutions such as the central bank should resist taking on big issues like climate change unless Congress authorizes it.
Read more »

Federal Deficit Widened to $85 Billion in DecemberThe federal government ran an $85 billion deficit in December, a wider shortfall than in the same month a year earlier, as the government’s debt burden nears its legal limit
Read more »

Stock market today: Dow ends higher amid bets inflation cooled further in December By Investing.com*NASDAQ RISES FOR 4TH STRAIGHT SESSION AS STOCKS JUMP AMID BETS INFLATION COOLED FURTHER IN DECEMBER
Read more »

U.S. stock futures steady as investors wait for the December inflation reportTraders eschewed fresh bold bets ahead of the crucial U.S. consumer price index report, due at 8:30 a.m. Eastern.
Read more »