Will Cooler Inflation Data Give Stocks a Boost? Key CPI Report Could Make or Break Recent Rally
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U.S. inflation data on Tuesday could be a make-or-break moment for the recent stock market rally. Economists expect a soft report that could boost stocks.
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The Fed remains data-dependent on rate hikes. A cooler CPI may further ease rate hike expectations.
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Inflation has eased from summer highs but is still above the Fed's 2% target. How long will the "last mile" to 2% take?
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October CPI is in focus as stocks haven't reacted much to recent reports. Biggest 2022 market swings occurred on CPI days.
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Other key economic data is also due next week, including PPI inflation, housing, manufacturing and foreign bond purchases.