Us Stocks Rise As Markets Brace For Fresh Inflation Data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020Lucas Jackson/Reuters US stocks ticked higher on Wednesday as traders waited for December's inflation data. All three benchmark indexes slipped in early-morning trading but ended the day higher. December's CPI reading will inform the outlook for Fed policy as investors assess the odds of rate cuts.

BING NEWS:
  • Fed inflation gauge eases in April, adding to faint autumn rate-cut hopes
    Inflation pressures are easing but the pace of progress is slow amid a resilient economy and a robust job market.
    05/31/2024 - 6:00 am | View Link
  • US inflation up moderately in April, consumer spending weakens
    It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
    05/31/2024 - 5:02 am | View Link
  • Inflation gauge closely watched by Fed shows prices still well above 2% target
    The report from the Commerce Department also showed tepid consumer spending, a wrinkle that could help the Fed’s inflation fight or cause jitters if the economy cools too quickly.
    05/31/2024 - 4:25 am | View Link
  • Dow, S&P 500 edge higher after inflation rises as expected
    U.S. stock index futures dipped on Friday ahead of a key inflation report that will test investor optimism about the scale and pace of interest-rate reductions by the Federal Reserve this year.
    05/31/2024 - 2:09 am | View Link
  • Nasdaq, S&P, Dow tread cautiously ahead of key inflation data
    Stock index futures ticked lower on Friday, as investors brace for the key inflation data expected to come later in the day.
    05/31/2024 - 1:01 am | View Link
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