People walk in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, June 12, 2024, in Tokyo. A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm on June 12, 2024, in Tokyo. People stand in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, June 12, 2024, in Tokyo. The New York Stock Exchange is shown on Tuesday, June 11, 2024.
Trading was subdued Tuesday on Wall Street ahead of a key inflation report and the Federal Reserve’s policy decision. Wall Street expects the government’s consumer price index to remain unchanged at 3.4% in May. Inflation as measured by CPI is down sharply from its peak at 9.1% in 2022, but it has seemingly stalled around 3%. That has complicated the Fed’s goal of taming inflation back to its target rate of 2%.
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