The highly anticipated April CPI report comes out on Wednesday morning with the S&P 500 trading just below its all-time high.While the rate of inflation is slowing, it is not yet clear whether it will drop to the Federal Reserve’s 2% target anytime soon.As stocks on Wall Street continue their upward trajectory towards fresh record highs, investor attention remains firmly fixated on the looming release of the April Consumer Price Index , and the Invesco QQQ Trust ETF .
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