Wall Street Gains and Dollar Retreats Following Softer Inflation Data

Major US stock indexes advanced toward a winning September and the dollar pulled back globally after inflation data came in softer than expected.

Major stock indexes on Wall Street traded higher toward the close of September, as lower-than-expected inflation data eased concerns over further interest rate hikes in the United States, news agency Reuters reported.

According to Yahoo! Finance, the market gains put New York's primary indexes on track to finish the month on a positive note. Concurrently, the US dollar pulled back against major global currencies in response to the cooler inflation print, trading platform TradingView reported.

Investors across financial markets continue to monitor the potential influence of the latest figures on future interest rate decisions by the Federal Reserve.