{"id":13727,"date":"2025-10-24T15:58:27","date_gmt":"2025-10-24T13:58:27","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/wall-street-hits-record-high-as-cool-inflation-data-boosts-rate-cut-bets\/"},"modified":"2026-02-27T16:26:33","modified_gmt":"2026-02-27T14:26:33","slug":"wall-street-hits-record-high-as-cool-inflation-data-boosts-rate-cut-bets","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/wall-street-hits-record-high-as-cool-inflation-data-boosts-rate-cut-bets\/","title":{"rendered":"Wall Street hits record high as cool inflation data boosts rate cut bets"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">United States (US) consumer prices increased slightly less than expected in September, prompting traders to bring forward their rate cut forecasts. They now anticipate three quarter-point reductions by March instead of April.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;It&#8217;s quite positive (the data) and it certainly clears the way for the Fed to cut rates next week and leads to a higher expectation of at least two more cuts (by March),&#8221; said Eric Gerster, chief investment officer at AlphaCore Wealth Advisory.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Fed is set to cut rates by 25 basis points in its policy meeting scheduled on October 29. The economic picture, however, remains murky, with business activity showing a tepid rebound in October. The White House warned that next month&#8217;s inflation data may not be released due to the government shutdown, now into its 24th day.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;SABC&#8211;<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">\n<\/div>\n","protected":false},"featured_media":13728,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13727","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Wall Street indexes scaled record highs on Friday, driven by cooler-than-expected inflation data that buoyed bets for faster rate cuts by the Federal Reserve, while upbeat earnings from Intel kept investor optimism alive around AI","published_date":"2025-10-24 00:00:00","news_description":"Wall Street indexes scaled record highs on Friday, driven by cooler-than-expected inflation data that buoyed bets for faster rate cuts by the Federal Reserve, while upbeat earnings from Intel kept investor optimism alive around AI","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13727\/revisions"}],"predecessor-version":[{"id":18715,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13727\/revisions\/18715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13728"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13727"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}