💨 Abstract

The global equities gauge rallied on Wednesday and U.S. Treasury yields fell after lower-than-expected core U.S. inflation data, suggesting a possible Fed rate cut. Oil prices rose due to a draw in U.S. crude stockpiles, but gains were limited by a Gaza peace deal. inflation rose to 2.9% in December, while core inflation was 3.2%, below forecasts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖