Stocks rise as hot CPI data fails to unnerve investors

Published by

By Herbert Lash NEW YORK (Reuters) -The dollar weakened and a gauge of global equity markets rose higher on Friday after data showed consumer prices rose as expected in November, easing concerns the U.S. Federal Reserve would aggressively tighten monetary policy to combat inflation. Gold rose as rising inflation lifted its safe-haven appeal, while U.S. Treasury yields were little changed in a sign some bond investors do not see interest rate hikes starting as early as next year’s second quarter, as many equity investors do. The U.S. consumer price index increased 0.8% last month after surging …

Read More