US stocks edged higher after no-surprises inflation report

US petrol prices were responsible for more than half the increase in the Consumer Price Index. (Image: Getty)

Thu, 14 Sep 2023

By Jack PitcherInvestors largely liked what they saw in the inflation report released on Wednesday US time, solidifying their bets that the Federal Reserve will hold interest rates steady at the end of next week’s policy meeting.Major stock indexes were modestly higher for most of the day before losing some momentum in the final 90 minutes of the session. The S&P 500 added 0.1%, the Nasdaq Composite rose 0.3%, and the Dow Jones Industrial Average fell 0.2%. Treasury yields were little changed, with the yield on the 10-year note f...

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