This better-than-expected inflation data caused traders to trim their bets for no interest rate cuts in 2025. WallStreet now sees a 16.5 percent chance of the Fed making zero cuts next year.
WallStreet rallied as November inflation data came in below expectations, easing fears of hawkish Fed. Real estate and small caps led gains; Carnival Corp. spurred travel stocks with upbeat ...
WallStreet closed Thursday in about the same shape ... by a quarter percentage point each time amid forecasts of higher inflation. That's down from its September forecast for four rate cuts ...