Posted 11/15/2023, 12:19:37 PM
Stocks Set to Rally as Slowing Inflation Signals Possible End to Rate Hikes
- Wall Street stocks poised to rally as investors embrace cooling inflation signaling end to rate hikes
- Target shares surge 15% in pre-market after earnings beat points to consumer resilience
- TJX results to provide more clues on spending patterns though retail stocks lagged
- US retail sales data, producer prices due to shed more light on state of inflation
- China consumer spending uptick provides lift though slowdown sets stage for Biden-Xi meeting
- CPI drop fuels stock futures gains Wednesday, extending post-inflation data rally