US stocks rise nearly 1% as August inflation lifts Fed hike odds to 87%

  • US stocks advanced after August inflation data increased expectations for Federal Reserve tightening.
  • 87% was the CME probability assigned to a 25-basis-point rate increase next week.
  • All three major indexes posted weekly losses despite ending Friday higher.

US stocks ended higher Friday after August consumer prices rose 0.4% monthly and 3.4% annually, with both measures accelerating slightly from July. Core inflation, which excludes food and energy, increased 0.3%, exceeding the 0.2% forecast and pushing CME FedWatch odds of a 25-basis-point Federal Reserve increase at next week’s FOMC (Federal Open Market Committee) meeting to 87%, up from 72% a day earlier and 50% a week earlier. The S&P 500 gained 0.86%, the Nasdaq rose 0.96% and the Dow advanced 0.98%, or about 509 points, but each index still declined for the week. Treasury yields rose after an initial fall, with the 10-year yield finishing just below 5%. WTI crude retreated to about $100 a barrel after a volatile week, while Brent’s advance slowed. The next major catalyst for stocks is the Federal Reserve’s policy decision.

当サイトの情報はAIを用いて生成されており、正確性を保証するものではありません。 参考情報としてご活用ください。