US stocks fell Wednesday as investors waited for key inflation data to roll out Thursday morning.
Major indexes ended in the red, continuing this week's sell-off and struggling to recover as August proves tough for investors coming off a hot streak earlier this summer. Cleveland Fed economists expect inflation to accelerate 3.4% year-over-year. Both estimates are slightly higher than the inflation figures reported in June, when prices rose 3%.
Investors are hoping that cooler inflation data could influence the Federal Reserve to end its rate hike campaign, which would likely be a boon for stocks.
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Stock market outlook: July CPI report to spark a big rally for stocksThis week's inflation report will spark a big rally in the stock market, Fundstrat says
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Stock market news today: Investors look to upcoming CPI inflation dataUS stocks moved higher on Monday as investors turn their attention to upcoming inflation data and whether that will impact the trajectory of the Federal Reserve's current interest rate trajectory. July CPI data will be released later this week on Thursday.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
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