Stock Market Today – 9/13: Stocks Power Higher On Peak Inflation Bets; Dollar Extends Slide

Published by
The Street

By Martin Baccardax Bets that U.S. inflation has peaked is pushing the dollar lower and stocks into their fifth consecutive day of gains heading into the August CPI reading. U.S. equity futures advanced for a fifth consecutive session Tuesday, while the dollar eased and Treasury yields steadied ahead of what could be a pivotal reading of domestic inflation for the world’s biggest economy. Investors are looking for today’s August inflation data to indicate peak price pressures in the U.S. economy, thanks in part to tumbling gas prices and the unravelling of supply chain disruptions. Economists …

Read More