Stocks rise as US inflation falls

By Agence France-Presse

Jan 14, 2023 12:08 am

NEW YORK CITY: Global stocks mostly rose Thursday (Friday in Manila) as investors digested data showing a softening of US consumer inflation, potentially giving the Federal Reserve (Fed) room to slow its interest rate hikes.

Equities also found support on growing optimism over China's economic reopening.

A GLIMMER OF HOPE Customers buy gas in Chevy Chase, Maryland on Thursday, Jan. 12, 2023 (January 13 in Manila). Helped by falling fuel prices, consumer inflation in the US slipped in December to the lowest level in more than a year, government data showed on Thursday, signaling the worst of price increases may be over. AFP PHOTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

US economy grows 2.8% in Q3

Japan to reap record 2024 tax revenue

Asia likely to benefit from Trump tariffs

Microsoft faces big US antitrust probe

Amazon develops new generative AI model

Intel's chipmaking unit sale restricted

US consumers optimistic in Nov