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Market move▲ Bullish for Indian equities
US stocks: US market opens higher as soft inflation data eases rate-hike fears
The brief
- Major US indexes opened higher after soft inflation data eased rate-hike fears
- The report links investor sentiment to a recent inflation report
- US market strength may support sentiment in Indian equities, including export-oriented IT stocks
- US PCE inflation rises 0.3% in August as consumer spending surges
- Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- Dollar Powers to Best Month Since June on Fed’s Inflation Fight
- Fed's Williams sees a possible rate hike later in 2026, with no rush to act
- US 30-year Treasury yield tops 5.61%, highest since 2002