RDFN - What The Fed Might Do After April 2024's Inflation Report
2024-05-12 11:41:48 ET
Summary
- Investors are focused on the Dow Jones winning streak and are ignoring the upcoming CPI report for April 2024, scheduled for release on Wednesday.
- The CPI report will provide insight into the Federal Reserve's potential interest rate policy.
- Energy and shelter will add to April inflation rates.
- This article explores the impact of inflationary trends on bond markets, oil and gas stocks, technology, and more.
Investors might be focused on the stock market's daily and weekly winning streak instead of honing in on this Wednesday's Consumer Price Index report for April 2024. The Dow Jones Industrial Average rose for eight straight days and for four weeks. The S&P 500 ( SP500 ), Nasdaq ( QQQ ), and small-cap heavy Russell 2000 ( IWM ) are also defying the proverbial “sell in May and go away” adage. Sellers might prepare to sell months from now, in September, and before the weakness in October....
What The Fed Might Do After April 2024's Inflation Report