US stocks are settling higher after a mixed round of pricing data seemed unlikely to change what the Fed will do next week. Stocks are finishing a down week on a positive note as expectations remain high that the Fed will downshift to a slower pace. Inflation is heading lower but we won’t know for a couple quarters if more tightening will be required by the Fed. For now, investors appear confident that the Fed will stop tightening once the terminal rate peaks around the 5.00% to 5.25% levels.
09-12-2022 12:37 GMT
by Edward Moya
