Trading CPI: How the stock market could react to Wednesday's inflation report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Breaking News: Investing News

Wall Street,Business,Markets

A hotter print could drive down prices after a long advance. A cooler one could spur a rally, and lift expectations of a June rate cut.

The latest U.S. inflation data set for release Wednesday could spark a major move in stocks as investors deliberate how the Federal Reserve will proceed with interest rates, according to JPMorgan. The March consumer price index, due out Wednesday at 8:30 a.m. ET, is estimated to show an increase of 0.3% on a monthly basis and 3.4% year over year, according to economists polled by Dow Jones. Core CPI, which excludes volatile food and energy prices, is expected to rise 0.3% and 3.7%, respectively.

40%, inclusive — An in-line to slightly hotter core reading could result in wide-ranging outcomes, depending on how well markets absorb the report. JPMorgan anticipates the S & P 500 could either advance a quarter percentage point, or lose as much as 1%. 37.5% chance of a print between 0.20% and 0.30%, inclusive — An in-line reading could mean the S & P 500 might add as much as a half percentage point, or fall by as much as 1%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines