Stocks, dollar gain on soft landing hopes


Source: rappler.com rappler.com

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NYSE. A US flag is seen outside the New York Stock Exchange in New York City, January 26, 2023. MSCI's all-country world index, a gauge of stocks in 47 countries, rises 0.90% to hit a fresh five-month high on Thursday, January 26 NEW YORK, USA – Global stock markets rallied and the dollar strengthened on Thursday, January 26, after a slew of data showed a strong US economy that is decelerating with slowing inflation, giving credence to the Federal Reserve‘s desire to engineer a soft landing. Gross domestic product (GDP) increased at a faster-than-expected 2.9% annual rate in the fourth...