Analysis: Hotter inflation fails to shake U.S. markets out of torpor, with Fed in driver's seat
Analysis: Hotter inflation fails to shake U.S. markets out of torpor, with Fed in driver's seat Reuters 2 hrs ago By Karen Pierog CHICAGO (Reuters) - Investors are not freaking out over a spike in U.S. inflation in the past two months, showing confidence that the Federal Reserve is deftly handling a rebound in economic growth even as it leaves markets guessing about how it defines "transitory" when it talks about price increases. In fact, Wall Street's benchmark index inched to a record high after days of sideways trading, and U.S. Treasury yields eased after Thursday's Labor Department ...