US stocks extend gains as cooling inflation boosts expectations ahead of Fed meeting

US markets climbed for a fourth day as softer inflation strengthened expectations of a Fed rate cut, supported by improving confidence and resilient labor indicators.

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9 days ago

US stocks extend gains as cooling inflation boosts expectations ahead of Fed meeting

US stocks extend gains as cooling inflation boosts expectations ahead of Fed meeting
Major US indices advanced for a fourth straight session on Friday as investors responded to a cooler reading of the Federal Reserve’s preferred inflation gauge. The S&P 500 rose 0.19% and moved closer to reclaiming record territory, while the Nasdaq gained 0.3% and the Dow added roughly 0.2%. Markets are pricing in an 87% probability of a quarter point rate cut next week.