Stock Rebound Wanes in Run-Up to US Inflation Data: Markets Wrap
Written by Black Hot Fire Network on August 12, 2024
(Bloomberg) -- Stocks struggled to gain much traction ahead of inflation data that will help shape the outlook for the Federal Reserve’s next steps.
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Equities saw small moves in another session of tepid trading volume, with Wall Street still reeling from last week’s many gyrations that shook trading around the globe. While a relative sense of calm has returned, many investors are refraining from making big bets as they await more signals about the trajectory of markets and the health of the world’s largest economy.
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