Markets Rally After Core Inflation Slows, Renewing Rate-Cut Hopes
US markets rallied broadly after December’s inflation report showed core CPI easing to 0.2% month-over-month, down from four straight months at 0.3%. The S&P 500, Nasdaq 100 and Dow each rose roughly 1.5% as Treasury yields fell and the dollar softened against major currencies. Investor sentiment improved markedly, with swap markets now pricing in a … Read more