June's CPI surprises to the downside, giving the Fed room to keep rates steady and boosting stocks.
June’s cooler‑than‑expected Consumer Price Index print gave the Federal Reserve breathing room to hold rates steady this month, sending U.S. stocks modestly higher as traders slashed the odds of a near‑term hike.
The SPY is moving higher. See the chart and price action here.
US stocks rise as June CPI eases inflation concerns, Fed rate hike odds drop
Stocks, Bonds Rise as Soft CPI Curbs Fed-Hike Bets: Markets Wrap
US stocks gained and the dollar weakened following softer-than-expected CPI data - Newsquawk Daily Asia-Pac Market Open
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(Bloomberg) -- A cooler-than-estimated inflation reading spurred gains in both stocks and bonds, easing concern about the…
May CPI rose to 4.2% YoY, the hottest reading since April 2023, as the Hormuz energy shock fed through. Fed-hike odds surge.
Fed rate hike bets were trimmed following the CPI data, while Fed Chair Warsh said the inflation data did not mean mission…
The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average…
Fed chief Kevin Warsh said he'll "get monetary policy right."
