Stock Market Gains Amid Rising Inflation and Weakening Jobs
TL;DR Summary
The August core CPI remained steady while jobless claims surged, leading to expectations of a modest Fed rate cut next week. Market reactions included gains in the S&P 500 and AI stocks like Oracle and Nvidia, amid mixed signals from inflation data and labor market indicators.
- Core CPI Steady, Jobless Claims Jump; But Big Fed Rate Cut Unlikely (Live Coverage) Investor's Business Daily
- Dow jumps 500 points to record as August inflation increase likely won't derail Fed rate cut: Live updates CNBC
- Stock Market Today: Dow Rises 450 Points; Inflation Ticks Up to 2.9%, CPI Report Shows — Live Updates The Wall Street Journal
- Double whammy for Americans: Inflation continues to rise as jobs outlook grows weaker CNN
- Inflation jumps as Trump, Powell confront weakening labor market Politico
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