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[BUSINESS] · United States, Australia · 6 sources

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Part of situation: Global markets react to central bank rate decisions (21 clusters)

US stocks rebound as inflation data fuels Fed rate hike expectations

US inflation Federal Reserve stock market rebound interest rate hike crude oil prices

US stock markets rebounded on Friday, ending a four-session losing streak despite inflation data that exceeded expectations. The Dow Jones Industrial Average rose by 0.98%, the S&P 500 gained 0.86%, and the Nasdaq Composite advanced 0.96%.

August Consumer Price Index (CPI) data showed headline inflation rose 0.4% for the month and 3.4% annually. Core inflation, which excludes volatile food and energy costs, increased by 0.3%, slightly higher than the anticipated 0.2% forecast. These figures have increased market expectations for a Federal Reserve interest rate hike, with traders pricing in an 86% to 87% probability of a 25-basis-point increase at the upcoming meeting.

In the commodities market, crude oil prices retreated, with WTI falling 2.4% to approximately $100 per barrel. Meanwhile, Australian markets are expected to open higher, with S&P/ASX 200 futures suggesting a gain of roughly 0.2% following a significant decline the previous week.

Entities

Dow Jones Industrial Average · Federal Reserve · Nasdaq Composite · S&P 500 · S&P/ASX 200

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

ASX set to rise as Wall Street rebounds [www.finnewsnetwork.com.au]
Dow Jones futures dip as Fed hike bets, AI safety concerns weigh on markets [bitcoinethereumnews.com]
Stock Market Week: Tunindex Continues to Decline [www.tunisiaonlinenews.com]
ASX set to rise as Wall Street rebounds [www.sharecafe.com.au]
US stock futures slide as AI worries hit tech stocks ahead of Fed decision [investinglive.com]
Svetske berze: Inflacija nastavlja da zida kamate širom sveta [www.danas.rs]