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Stocks firm on Fed rate cut bets, gold on a tear ReutersAsian stocks hit record highs on AI and US rate cut bets Financial TimesAsia markets track Wall Street gains as Fed rate-cut hopes rise; South Korea's Kospi hits record high CNBC
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Either stocks or bonds are right, but not both, argues Gavekal strategist Will Denyer.
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Asian Stocks Near Record High on Fed Rate-Cut Bets: Markets Wrap Bloomberg.comAsian shares ride Fed easing hopes to record highs ReutersUS stocks inch to more records as inflation slows and Oracle soars Yahoo FinanceAsian shares track Wall Street rallies as a US interest rate cut next week looks more certain The Hill
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The consumer price index rose in August at a 2.9 percent annual rate, up from July. Jobless claims rose to highest level since 2021, as labor market weakens.
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Inflation accelerated in August as Americans paid more for gasoline and groceries. Over the last 12 months, consumer prices have risen 2.9%.
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Inflation will rear its head in earnest this year and "accelerate into 2026 and beyond," RH CEO Gary Friedman said.
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