From Moneycontrol: 2024-05-14 21:41:28

Global markets experienced a positive day as US stocks closed higher, with Nasdaq hitting a new high and Dow Jones and S&P 500 also rising. The producer price index for April exceeded expectations, easing concerns of potential rate cuts. Federal Reserve Chair Jerome Powell acknowledged slower-than-expected inflation, emphasizing patience with current policies during a speech in Amsterdam. Investors are now awaiting key inflation figures, with eyes on Wednesday’s consumer price index release. Market reaction was cautious initially, but overall outlook remains positive.



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