Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap

Published On Nov 13, 2024, 3:35 AM

Stocks are experiencing fluctuations due to concerns over upcoming US inflation data and political developments, especially in light of President-elect Donald Trump's potential policies, which may increase inflation. Analysts predict a 0.2% increase in the consumer price index for the fourth consecutive month, raising worries that tariff proposals may exacerbate inflation. As a result, traders are expecting fewer interest rate cuts from the Federal Reserve next year, leading to mixed reactions in the market, particularly affecting global currencies and emerging markets.