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Stock market today: US stocks turn lower ahead of CPI inflation data
Yahoo Finance
Stock market today: US stocks turn lower ahead of CPI inflation data
Alexandra Canal and Karen Friar
Updated Tue, Apr 9, 2024, 10:48 AM EDT
{snip}
Stocks have become marooned ahead of the release of the Consumer Price Index on Wednesday, seen as a pivotal point for a market facing a slower next leg higher after a strong first quarter.
Investors have become increasingly less convinced the Federal Reserve will deliver on the three rate cuts it has projected for this year, given the persistent show of strength in the US economy. That has intensified the focus on the CPI print for March, and any sign that inflation has begun to cool again will be seen as an invitation for a June policy shift.
{snip}
Stock market today: US stocks turn lower ahead of CPI inflation data
Alexandra Canal and Karen Friar
Updated Tue, Apr 9, 2024, 10:48 AM EDT
{snip}
Stocks have become marooned ahead of the release of the Consumer Price Index on Wednesday, seen as a pivotal point for a market facing a slower next leg higher after a strong first quarter.
Investors have become increasingly less convinced the Federal Reserve will deliver on the three rate cuts it has projected for this year, given the persistent show of strength in the US economy. That has intensified the focus on the CPI print for March, and any sign that inflation has begun to cool again will be seen as an invitation for a June policy shift.
{snip}