Global Stocks Mixed As Inflation Fears Fluctuate but Economic Optimism Persists
- Consumer price data indicating US inflation slowed more than expected caused markets to rise but concerns over debt ceiling and low consumer confidence led to declines.
- Walt Disney's loss of streaming subscribers and regional US bank struggles weighed on markets but hope for pause in interest rate hikes buoyed optimism.
- Tesla's progress and luxury sector gains in Europe provided bright spots amid volatility.
- The US dollar had its best weekly performance since February despite mixed results across markets.
- The Federal Reserve and other central banks are closely monitoring economic indicators to determine future policy moves.