US stocks roar higher after inflation data dow rallies above 900 points data is here – Business News India

read on appDue to the slight relief on inflation data in America, there was a strong jump in the stock market. The Dow Jones Industrial Average jumped 982 points, or more than 3

per cent. Also the S&P 500 jumped 3.6%, while the Nasdaq gained more than 4.9%. In fact, due to the softening of inflation data, there is hope that the Federal Reserve may change

its intention to hike future interest rates. Let us tell you that the Central Bank of America, the Fed Reserve has increased interest rates four times in a row. Because of this,

fears of recession have increased. Latest inflation figures: Consumer inflation in the US softened to 7.7 per cent in October. This figure is a sign of easing pressure on

inflation. According to Labor Department data, consumer inflation moderated to 7.7 per cent last month on a year-on-year basis. It was 8.2 per cent in September. The year-on-year

growth is the lowest since January. Read this-Gautam Adani is competing with Mukesh Ambani in the race to buy the bankrupt company! Core inflation, excluding

fluctuations in food and energy prices, stood at 6.3 per cent in the last 12 months. This is lower than the 6.6 per cent increase in September. Inflation figures for the month of

October are lower than economists' estimates.