PSNY - What The Fed Could Do After The Annual CPI Revision
2024-02-09 13:20:17 ET
Summary
- The S&P 500 reached a historic milestone of 5,000, overshadowing today's CPI revision data.
- Fed rate hike expectations increase with CPI revision.
- And what stock ideas may surface with the latest developments?
Instead of scrutinizing the revised annual consumer price index data, markets fixated on the S&P 500 ( SP500 ) trading at a new, historic 5,000 milestone. The Bureau of Labor Statistics reported consumer prices increased at a 3.3% annualized rate in Q4/2023. The data is unchanged from December 2023's core CPI of a 0.3% month-over-month rise....
What The Fed Could Do After The Annual CPI Revision