Wall Street retreats after early boost, closing lower

wall street retreats after early boost closing lower

Sumary of Wall Street retreats after early boost, closing lower:

  • NEW YORK (AFP) – US shares reversed course after an early bout of enthusiasm, closing sharply lower on Tuesday (Sept 14) despite data indicating inflation pressures are easing.
  • ” Equities opened on a positive note after government data showed inflation ebbed in August, lessening the odds of an abrupt tightening of US monetary policy.
  • The consumer price index rose just 0.3 per cent in August compared to July, below analyst forecasts and supporting the Federal Reserve’s argument that much of the recent inflation spike is due to temporary factors that will fade.

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