Wall Street rolled to more records Thursday after mixed data on the economy cemented expectations for coming cuts to interest rates. The S&P 500 rose 55.43 points, or.
Wall Street rolled to more records Thursday after mixed data on the economy cemented expectations for coming cuts to interest rates.
One of Thursday’s reports said more US workers applied for unemployment benefits last week, an indication that the number of layoffs could be rising. It’s the latest discouraging signal on the job market, where hiring has slowed substantially. A report on inflation Thursday showed prices are continuing to rise faster for US households than the Fed hopes, but unanimous expectation on Wall Street is that it will cut its main interest rate for the first time this year at its meeting next week.
