Newscasts - Trading at Noon: Wall St rises after soft inflation data

Karuna Therapeutics

22/12/2023 17:00

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_ojsfrbrl&referenceId=1_ojsfrbrl&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Wall Street's main indexes gained on Friday after a key inflation
reading came in softer than expected, boosting recent investor optimism that
the Federal Reserve could lower borrowing costs next year.The personal
consumption expenditures (PCE) price index, considered to be the Fed's
preferred inflation gauge, climbed 2.6% in November on an annual basis,
compared with expectations of a 2.8% rise, per economists polled by Reuters.
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