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Stock impact report

Cooling Inflation Heats Up Stocks Even as Fed Tries to Ice the Enthusiasm [MarketWatch]

Restaurant Brands International Inc. Common Shares (QSR) 
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: rbi.com/investor-home
Company Research Source: MarketWatch
The flattening of core inflation at 5.9%, suggesting pricing pressures have peaked, sent the S&P 500 up 2.1% and the Nasdaq Composite 2.9% higher, returning the tech-heavy index to bull territory and powering futures higher That readout, plus thin volume through the summer weeks, could set the tone for Wall Street until Labor Day. But policy makers are reluctant for traders to head to the beach thinking the job is done. Certainly, wrestling headline inflation down from 8.5% to the Fed's 2% target won't happen quickly. That's despite encouraging signs, such as gasoline prices back below $4 a gallon Experts say that even the rampant cost of food shopping, up 13.1% in a year and the biggest increase since 1979, could ease from here. Markets are now betting on a 50 basis points move from the Federal Open Market Committee in September, leading to an interest rate of 3.75% by the year end with cuts to follow in 2023. But that's out of kilter with Minneapolis Fed President Neel Ka Show less Read more
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