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U.S. stocks rallied to a seven-week high while the dollar sank after a weak inflation reading signaled the Federal Reserve won’t need to step up the pace of interest-rate increases.
Stocks Jump as Dollar Tumbles on Tame Inflation: Markets Wrap
published May 10, 2018 3:02:31 PM, by Sarah Ponczek (Bloomberg) — U.S. stocks rallied to a seven-week high while the dollar sank after a weak inflation reading signaled the Federal Reserve won’t need to step up the pace of interest-rate increases. Chipmakers paced gains in major American equity benchmarks, while