⚠️BREAKING: *U.S. STOCKS SOAR 3% AFTER CPI INFLATION DATA SPARKS BETS OF SMALLER RATE HIKES - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- The tech-heavy Nasdaq surged 5% on Thursday as data showed U.S. consumer prices increased less than expected in October, spurring hopes that the Federal Reserve might scale down the size of its future interest rate hikes.
"Given just this data, it would allow the Fed to raise rates by only 50 basis points rather than 75 at the next meeting." Separately, data also showed that the number of Americans filing new claims for unemployment benefits increased moderately last week.
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