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Shares, Dollar Hold Steady Ahead of Key Inflation Data

Started by Epoch-Times-Bot, Dec 13, 2022, 06:41 AM

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Epoch-Times-Bot

Dec 13, 2022, 06:41 AM
Shares, Dollar Hold Steady Ahead of Key Inflation Data

LONDON—Global stocks held steady on Tuesday, while the dollar eased modestly ahead of U.S. inflation data that could persuade the Federal Reserve and other central banks to step back from aggressive interest rate hikes.
Headline consumer price pressures for November in the world’s largest economy are expected to have fallen for a fifth successive month, which in theory would take some pressure off the Fed to raise rates for an extended period of time—something investors have been banking on for months now.
The MSCI All-World index was up 0.2 percent by midday in Europe. It’s on course for its first monthly decline since September, having lost 1.2 percent so far, but is still on track for a 12.6 percent gain this quarter, its strongest quarterly performance since the final three months of 2020....

Source: Shares, Dollar Hold Steady Ahead of Key Inflation Data

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