Mini Dow Jones Indus.-$5 Jun 24 (YM=F)
- Yahoo Finance UK
Wall Street surges as US inflation slows to 3.4% and FTSE closes higher
Last night, US Federal Reserve chair Jerome Powell said he did not expect interest rates to be increased again, ahead of upcoming inflation figures.
- Yahoo Finance Video
CPI: What to expect from key inflation data
The latest Consumer Price Index (CPI) data will be released on Wednesday. Core CPI is expected to increase 3.6% year over year. Car insurance, rent, and healthcare are the categories within the index that are expected to lead the easing of price pressures for this latest reading. Yahoo Finance anchors Seana Smith and Myles Udland explain what to expect from this latest reading, how it will impact the Fed and consumers, and more. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance UK
FTSE 100 closes on record high and Wall Street slips as traders weigh up pending interest rate decisions
Threadneedle Street is not expected to change interest rates this week.
