Reported about 8 hours ago
Wall Street braces for volatility in US stocks as Wednesday's inflation report is expected to either exceed or fall short of forecasts. Economists are predicting a potential rise of 0.3% in the core consumer price index for December, with implications that could either boost stocks in a rally or lead to declines of 1% to 2%. Both Goldman Sachs and JPMorgan Chase caution that the outcome is crucial, with a dovish result potentially reigniting market positivity while a hawkish print could drive yields up and further pressure equities.
Source: YAHOO