Posted 2/15/2024, 9:51:58 PM
Stocks Rise as Traders Look Past Weak Retail Data Ahead of Key Inflation Report
- Wall Street traders looked past mixed economic data, sending stocks and bonds higher before a key inflation reading.
- Retail sales dropped, helping soothe worries about overheated consumer demand after strong inflation data earlier this week.
- Excess liquidity has kept traders comfortable buying dips, but that could dry up later this year.
- Tomorrow's PPI data will be closely watched to gauge the Fed's next steps on interest rates.
- Weak retail sales and jobless claims may help calm market nerves, but volatility could persist amid conflicting economic signals.