new York Hopes for a slower rate hike pace in the US gave US investors the second day in a row to close the week. Easing inflationary pressure gives investors reason for optimism. The Dow Jones index of standard values closed 0.1 percent higher on Friday at 33,749 points. The S&P 500 was up 0.9 percent at 3,993 points. The index of the technology exchange Nasdaq<.IXIC gained 1.9 percent to 11,323 points.
It is now expected that the Fed will not have to act as aggressively as expected in recent weeks, said Marvin Loh, an analyst at wealth manager State Street. While the US Federal Reserve has no choice but to tighten further, inflation is no longer rising, suggesting the end of the rate-hike cycle may be near.
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