US Stock Market Rebounds After Lower Inflation

October 11, 2018 Share Print 0

The S&P 500 and the Nasdaq turned positive on Thursday as Treasury yields headed lower after data showed consumer prices rose less than expected in September, indicating inflation pressures were easing.

The Consumer Price Index (CPI) increased 0.1 percent last month. The so-called core CPI, which excludes volatile food and energy components, also edged up 0.1 percent. Economists had forecast both the readings to climb 0.2 percent.

U.S. Treasury yields extended their fall after the data, which dented expectations of a more aggressive pace of interest rate hikes by the Federal Reserve.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.