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Wall St Week Ahead: Investor hopes for US soft landing ride on inflation data

September 10, 2023
Source: reuters.com reuters.com
News Snapshot:
Signage is seen at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, Sept 8 (Reuters) - U.S. stock investors are turning their focus to next week’s inflation data, which could determine the near-term path of an equity rally that has wobbled in recent weeks. Signs the U.S. economy is on track for a so-called soft landing, where the Federal Reserve is able to bring down inflation without badly damaging growth, have helped power the S&P 500’s (.SPX) 16% year-to-date gain. Last week’s employment data played into...
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