Reported about 7 hours ago
Traders are optimistic about the upcoming Federal Reserve interest rate cut despite potential inflation concerns surrounding the consumer price index (CPI) report. Analysts predict a 0.3% rise in core CPI, but anticipate that any modest inflation will not significantly derail market expectations, as the S&P 500 could rise up to 1.5% if inflation aligns with estimates. However, a hotter-than-expected report could lead to a 2.3% drop. As the government shutdown continues, Friday’s CPI data holds considerable importance for market direction and investor strategies, amidst signs of a cooling labor market.
Source: YAHOO