Stocks Surge as Consumer Price Gains Slow11/14/2022


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November 14, 2022

Best Week Since June

U.S. stocks surged last week, more than fully rebounding from prior week losses after the October consumer price index (CPI) came in softer-than[1]expected. The annualized CPI increase came down to 7.7% Y/Y from 8.2% in September. The easing in inflation growth ignited a massive rally in equities, particularly growth stocks, and stirred a pullback on the expected terminal (peak) rate of the Federal Reserve back below 5%..

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