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- Zacks
Fed, Powell Lay Out Inflation Expectations
"We saw today's CPI report as progress and building confidence, but it does not warrant changing policy at this time."
- Benzinga
Bulls Push Wall Street To Record Highs On Declining Inflation; Tech, Real Estate, Small Caps Surge Ahead Of Fed Meeting: What's Driving Markets Wednesday?
A lower-than-expected inflation report for May ignited a bullish frenzy on Wall Street, with investors increasing their bets on rate cuts, bolstered by growing confidence that the Federal Reserve will ease its policy stance later this year as price pressures trend towards the 2% target. The Consumer Price Index (CPI) data revealed cooler-than-anticipated monthly and annual inflation rates for both headline and core items. This report arrives just ahead of the highly anticipated Federal Open Mark
- Investing.com
Attention to this expert: What if there is no rate cut in the U.S. in 2024?
Investing.com - Markets are tense Wednesday due to two key events: the U.S. Consumer Price Index (CPI) for May and the interest rate decision by the U.S. Federal Reserve (Fed).
