A September Lull Followed By October Surprise In Advance Of Midterms

S&P 500 hit fresh highs as easing inflation expectations trimmed the probability of additional Fed rate hikes. Benign Producer Price Index (PPI) data supported a more patient Fed stance and reduced concerns over rising input costs, improving risk appetite across equities.

Analysis

S&P 500 hit fresh highs as easing inflation expectations trimmed the probability of additional Fed rate hikes. Benign Producer Price Index (PPI) data supported a more patient Fed stance and reduced concerns over rising input costs, improving risk appetite across equities.