US stocks turn higher on optimism that inflation will cool further and allow the Fed to ease tightening

Jan 10 2023 by Business Insider

 
Congress is considering banning its members — and their family members — from trading stocks.

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US stocks closed higher on Tuesday after showing weakness in early trading.  A note from JPMorgan gave investors hope that December inflation could come in around consensus expectations.  That led to investor optimism that the Federal Reserve could ease its tightening campaign further.

US stocks closed higher Tuesday as optimism grew that inflation will continue cooling...

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