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Stocks jumped higher as the latest CPI inflation data didn't change outlooks on when the Fed will cut rates.Inflation was slightly hotter-than-expected, but
According to Schiff, the February inflation number confirms that the disinflation trend ended months ago.
The U.S. inflation rose more than expected in February 2024, casting doubt on the likelihood of an interest rate cut by the end of the first half ...
Stocks rallied, with the SPDR S&P 500 ETF Trust (ARCA: SPY) and the tech-heavy Invesco QQQ Trust, up 0.9% and 1% at last check Tuesday.
"Despite the stickiness of inflation, current Fed policy is clearly restrictive," Jeffrey Roach, Chief Economist for LPL Financial, wrote.