Last week investors were focused on US inflation data and speeches from Federal Reserve officials. US stock performance was muted Monday-Wednesday while investors waited for the inflation data. In the event, Thursday’s release of the personal consumption expenditures price index, came in close to expectations and sparked a positive response from investors with stocks rallying strongly to end the week. The PCE data for January came in at a 2.8% annual rate showing that inflation is continuing to rise but is slowing.
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https://realmim.com/stocks-finish-the-week-on-a-high-after-us-inflation-data/
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