GIFT NIFTY, US Stocks Rebound as Inflation Data Improves

>US stocks bounced back Friday as investors digested key inflation data that showed a deceleration in price increases during the month of November. >The latest reading of the Fed's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed price increases decelerated in November on a monthly basis and came in below economists' estimates. While Fed's latest forecast for 2025 reduced the number of projected rate cuts by half and induced a sell-off in both US and Indian markets, today's US inflation data comes as a relief and has sent GIFT NIFTY up by 200 points. US indices are up themselves by roughly 1.5%. This sets a positive tone for the coming week (unless a new deterrent arises).