Stocks Rise as Inflation Data Outweighs Chip Rout: Markets Wrap

A softer-than-anticipated inflation report lifted both stocks and bonds as traders reduced expectations for additional Federal Reserve rate hikes. The repricing of the rate path supported risk assets and supported yields moving lower, tightening market-implied odds of further hikes.

Analysis

A softer-than-anticipated inflation report lifted both stocks and bonds as traders reduced expectations for additional Federal Reserve rate hikes. The repricing of the rate path supported risk assets and supported yields moving lower, tightening market-implied odds of further hikes.