Lamb Weston is impacted by the favorable CPI report and Fed official comments following inflation cooling.
1 report, 1 independent
Updated Aug 13
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What happened
Lamb Weston is impacted by the favorable CPI report and Fed official comments following inflation cooling.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Lamb Weston
American food processing company
Nothing else this week.
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FED
business
Related events
- Stronger inflation data was reported in the US today, indicating rising inflationary pressures.
- The Federal Reserve is focusing on how inflation impacts consumer prices and is communicating its policy through financial news channels.
- The Federal Reserve has targeted a 2% inflation rate, prompting traders to report on potential rate hike odds.
- Investor fears of rate hikes caused a market decline, driven by strong job gains and BLS data.
- Inflation concerns are driving fears of Fed rate hikes, negatively impacting equity valuations.
Coverage
Newest first; wire copies grouped- StockStoryWhy Lamb Weston (LW) Stock Is Up Today Shares of potato products company Lamb Weston (NYSE:LW) jumped 3.2% in the afternoon session after the release of a favorable Consumer Price Index (CPI) report