Data released Thursday showed that the US consumer prices fell unexpectedly by first time in over two and a half years in December, amid lower costs of gasoline and other goods, suggesting that inflation is now on a sustained downward trend.
The year-on-year inflation rose to 6.5% as estimated and below the 7.1% in November, which continues to confirm the slowdown in the rise in prices.
As a consequence, analysts expect the Federal Reserve will almost certainly only raise interest rates by a quarter point at its next meeting and it will stop raising them before exceeding 5%, according to the quotes in the rate markets.
The taxable bond funds in the country received 8,800 million dollarsthe largest weekly entry since the end of June 2021, while the funds of municipal bonds net dollars attracted $1.74 billion.
investors bought short/intermediate investment grade funds worth of 3.630 million dollars in their broadest weekly net purchase since January 2022, while fixed income funds high-yield general national taxable income and government bond funds received 2.350 million dollars, 1.820 million dollars and 927 million dollars, respectively.
While, capital outflows fell to an eight-week low of 2,010 million dollars.
The fUS value and growth waves remained out of favorwith a net sales value of around $4 billion and $757 million, respectively.
However, some sector funds noted buying interest, with investors buying funds from the industrial, financial and materials sector for a net worth of $1.13 billion, $477 million, and $435 million, respectively. The money market funds, meanwhile, they registered 17.220 million dollars in outflows after two weeks of inflows.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
