Stocks Surge Despite Inflation: Fed Rate Cut Incoming?

Wall Street defied sticky inflation data, surging on hopes of Fed rate cuts fueled by rising jobless claims. The Dow Jones exploded over 500 points despite August's hotter-than-expected Consumer Price Index, as investors bet on the Federal Reserve to act. With a 90% chance of a rate cut next week, all eyes are now on Kroger and Adobe earnings for further economic clues. Hosted on Acast. See acast.com/privacy for more information.