*U.S. STOCKS RISE AS COOLING INFLATION CALMS FEARS OF FED RATE HIKES $DIA $SPY $QQQ 🇺🇸🇺🇸
rate excluding fuel and food rose 6.0%. Analysts were expecting a 7.3% rise in the top line and a 6.1% increase in the core rate from last year.
Many now expect the Fed will raise its benchmark rate by a half-percentage point, which would be smaller than the 0.75 percentage point increases it has put in place after each of its four most recent meetings.. Investors have feared that the Fed’s moves to tame inflation would overshoot the mark and tip the economy into a recession.
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