Investing.com -- Wall Street futures traded largely unchanged ahead of the release of the key monthly consumer price report, which could guide future Federal Reserve thinking. Cisco (NASDAQ:The release of the crucial monthly U.S. consumer price report is the main event Wednesday, as it’s likely to influence the Federal Reserve's near-term policy path.is due out during the U.S. trading morning, and economists expect that it rose 0.4% in April on a month-over-month basis, or 3.
"Inflation in Q1 was notable for the lack of further progress," Powell said. "Confidence in inflation moving back down is lower than it was. My confidence on that is not as high as it was before."increased more than expected in April, data showed on Tuesday, indicating that inflation remained stubbornly high early in the second quarter.U.S.
This followed a series of cryptic posts on social media platform X on Sunday from "Roaring Kitty" Keith Gill, a central figure behind the 2021 meme stock frenzy, following a three-year gap. "“Gamestonk” is passe. What could be a better buy signal than a cartoon man sitting upright in his chair?"The buying craze is “frankly stupid,” said Cole Smead, CEO of Smead Capital Management which has around $6 billion of assets under management, in an interview with CNBC on Tuesday. “It is gambling.
If confirmed by the official data later Wednesday, this would suggest U.S. fuel demand was picking up with the advent of the travel-heavy summer season - a trend that could help tighten global crude supplies, even as U.S. production remains at record highs.