homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

August 11, 2022

Stocks hit 3-month high

By STAN CHOE and DAMIAN J. TROISE
AP Business Writers

NEW YORK — Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month.

The encouraging inflation update sparked speculation that the Federal Reserve may not have to remain as aggressive about hiking interest rates as feared. The central bank has been raising rates in an effort to slow the economy in the hopes of stamping out inflation, but that risks bringing on a recession if the Fed moves too aggressively.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.