Investing.com-- The S&P 500 fell Wednesday, as investors hit pause on the recent rally and awaited further catalysts including key inflation data later this week.
The Fed cut rates by 50 basis points last week and announced the start of an easing cycle, which analysts expect could bring rates lower by a total of 125 bps this year.data - the Fed’s preferred inflation gauge - is due on Friday, and is likely to factor into the central bank’s plans for interest rates.
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