Traders Are on Alert for a Hotter-Than-Expected Inflation Print
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A month after the stock market was rocked by a worse-than-expected inflation report, investors are fearing a reprise when the latest data arrives on Tuesday.
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Published Mar 10, 2024 • 3 minute read
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(Bloomberg) — A month after the stock market was rocked by a worse-than-expected inflation report, investors are fearing a reprise when the latest data arrives on Tuesday.
Despite last week’s sideways price action, the S&P 500 Index is on a tear, climbing in 16 of the past 19 weeks on the back of improving earnings outlooks and a resilient US economy. The broad equities benchmark hasn’t had a better run than this since 1964. But some of those gains could be undone if the monthly consumer price index reading continues to show inflation remaining stubbornly sticky.
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Bloomberg News
2024-03-10 09:50:50
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