US stocks are surging to kick off October, helped by tumbling Treasury yields after a key manufacturing report showed noticeable signs of downward pressure on inflation. It is premature to say that the Fed is almost done with tightening, but it seems Wall Street is growing confident that they could be done in December. Investors are starting to doubt central banks globally will remain aggressive with fighting inflation as financial stability risks are growing; first we almost had a gilt market
03-10-2022 12:30 GMT
by Edward Moya
