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The CPI print keeps the possibility of the Fed cutting rates at least once this year, potentially at least two rate cuts if the data continues to point to a trend of inflation falling further, said Jeff Lipton, a research analyst and market strategist.
The Federal Reserve kept interest rates unchanged as chair Jerome Powell noted a "lack of further progress" in getting inflation back to 2%.
(Bloomberg) — The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, equities pushed decidedly higher. Notwithstanding the fact that the consumer price…
MARKET WRAPS Watch For: EU industrial production, flash estimate GDP; U.K. CPI and PPI; trading updates from Telecom Italia, ThyssenKrupp, Capgemini, EssilorLuxottica, ABN AMRO Bank,...
(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…