Why is Prysmian stock rallying today?

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• Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

  Personal consumption expenditures data reveals an acceleration in consumer prices across the United States economy. This upward movement indicates persistent inflationary pressure that directly challenges recent central bank policy strategies. Consequently, monetary authorities will face difficulty maintaining a prolonged pause on their cycle of interest rate hikes.

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• U.S. economy grows at fastest pace in almost three years, third-quarter GDP shows

  Robust domestic momentum accelerated during the third quarter, producing the nation's strongest gross domestic product expansion seen in that multi-year window. This rapid climb was fueled predominantly by surging investments in artificial intelligence alongside high-income households sustaining elevated purchasing levels. Together, these specific catalysts underpinned the broad national surge.

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• Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates

  Robust economic activity drove output past consensus estimates of a 3.1% annualized expansion, reflecting surprising resilience across the domestic landscape. However, concurrent price pressures threaten to complicate financial conditions as consumer cost indices climbed alongside the broader expansion. This combination leaves policymakers facing persistent underlying price gains despite healthy overall output.

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