S&P 500 rises as Fed Governor Waller backs rate hold
Stocks gained and global bond yields retreated after Fed Governor Christopher Waller said he would support holding interest rates steady if August inflation data supports it. The rally was broad across S&P 500 sectors.
By Caitlin McCabeStocks are climbing and global bond yields are retreating after Fed Governor Christopher Waller said he would support holding interest rates steady if August inflation data supports it.The rally is broad, with all but one S&P 500 sector in the green.
Consumer stocks are leading gai…