Market Updates
Positive Sentiment Lifts U.S. and Europe Market Indexes
Barry Adams
22 Nov, 2022
New York City
Investors on Wall Street returned to add exposure to stocks after a flood of earnings from retailers were ahead of negative sentiment ahead of the upcoming holiday season.
Comments from Federal Reserve officials also weighed on the bond market as the ongoing 50-75 basis points rate increase debate continued.
Cleveland Federal Reserve President Loretta Mester was the latest to pour cold water on the talks of Fed pausing rates but sounded more supportive of rate hike by at least 50 basis points.
Mester added in an interview with CNBC on Monday that recent inflation data show signs of hope but supportive data over a longer period of time are needed before "we are returning to price stability as soon as we can..
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