Posted 4/9/2024, 11:41:13 AM
Stocks Tread Water Before Inflation Data That Could Sway Fed Rate Outlook
- US stocks stuck in holding pattern ahead of key CPI inflation report that could impact Fed interest rate path
- Investors skeptical Fed will deliver projected 3 rate cuts in 2024 amid persistent economic strength
- Rising commodity prices like copper and gold sparking inflation concerns
- Start of Q1 earnings season on Friday with banks reporting first
- Piper Sandler survey shows teen spending dropped 6% year-over-year, though beauty spending hit highest since 2018