Market Report - US

US open: Markets rangebound but rate-cut hopes rise after CPI data

By Benjamin Chiou

Date: Thursday 11 Jul 2024

(Sharecast News) - US stocks opened broadly flat on Thursday, with futures erasing earlier losses, as investors digested better-than-expected inflation and labour-market data and pondered over how the Federal Reserve may respond.
The annual inflation rate fell more than forecast to its joint lowest level in more than three years in...

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