US Market News Digest for August 13
US indices rally on inflation data
US stock indices, including the S&P 500 and Nasdaq 100, posted strong gains following the release of inflation data, reinforcing expectations of a Federal Reserve interest rate cut in September.
Despite the optimism, risks related to inflation and geopolitical instability remain.
Analysts believe that the upcoming Fed meetings will be key in determining the market's direction.
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Investors optimistic about US economic outlook
Investors welcomed the latest US inflation data, believing that a recession within the next 12 months is unlikely.
The Fed is expected to ease monetary policy sooner, supporting further gains in the S&P 500.
Moreover, mentions of a recession in corporate reports have dropped significantly, further strengthening market participants' confidence.
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