Daily Stock Market Reports

Stocks Higher, Dollar Dips On Fed Pause Bets; Retail Profits Mixed


Updated at 8:45 am EST

U.S. equity futures extended gains Friday, putting stocks on pace for their best weekly gain in two months, as investors bet that the Federal Reserve’s suggestion of an autumn pause in rate hikes, paired with what could be a peak in inflation readings, will lift markets from one of their worst starts to the year since the 1930s.

Solid retail earnings have also indicated that consumers aren’t ready to roll over amid the fastest inflation in forty years, adding to optimism that the underlying economy remains firm and the Fed will be able to engineer the ‘soft landing’ it desires from higher interest rates that tame inflation pressures.





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