Stocks Waver as Traders Map Out Game Plan for CPI

 

• 'Underlying gauge of US inflation probably moderated in April'
• JPMorgan’s trading desk warns of big S&P 500 swings after CPI

Stocks fluctuated at the start of a week that will bring inflation data seen as key in shaping the outlook for Federal Reserve policy.

Equities struggled for direction just a few days ahead of the consumer price index, which is expected to show inflationary pressures have eased while still remaining too high to warrant rate cuts. On Monday, a Fed Bank of New York survey highlighted an increase in US consumer expectations for inflation and home prices.

https://www.bloomberg.com/news/articles/2024-05-12/asian-stocks-eye-sluggish-start-after-china-data-markets-wrap