Stocks higher after inflation data keeps Fed expectations on hold
Inflatie
NEW YORK :Global stocks were higher and poised for a weekly gain while longer-dated U.S. Treasury yields rose after a reading on inflation and consumer confidence kept expectations for the path of Federal Reserve interest rate cuts intact. The U.S. producer price index for final demand was unchanged in September, slightly below the forecast of economists polled by Reuters for a gain of 0.1 per cent and follows an unrevised 0.2 per cent increase in August, indicating inflation continues to cool
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