EPISODE · Oct 11, 2023 · 2 MIN
Inflation Surpasses Expectations: Markets Remain Steady
from Market Minute · host Matador Insights
Amidst higher-than-predicted inflation rates and soaring PPI figures, the S&P 500 and Nasdaq experienced modest gains. Bond yields varied with the two-year and ten-year yields showing distinct movements. Falling oil prices marked the day, with both WTI and Brent crude witnessing a dip. Federal Reserve officials present mixed views on future interest rate actions. Separately, Costco faces a lawsuit regarding the alleged sharing of sensitive customer data with Facebook.
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Inflation Surpasses Expectations: Markets Remain Steady
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