Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
- Posted on November 14, 2024
- By Business News Today
- 1 Views
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
U.S. stocks saw mixed results on Wednesday as October's consumer price index met expectations, bolstering predictions of a December interest rate cut by the Federal Reserve. The CPI's 0.2% rise, aligning with forecasts, pushed trader bets for a rate cut above 80%.
