💨 Abstract

Global stocks rose on Friday, lifted by U.S. bank earnings, and are on track for a weekly gain. Treasury yields were mostly lower after inflation and consumer confidence reports solidified expectations for the path of Federal Reserve rate cuts. The U.S. producer price index for final demand was unchanged in September, indicating inflation continues to cool, giving the Fed leeway to continue cutting interest rates. On Wall Street, U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖