Optimistic that inflation has finally peaked, investors cheered Wednesday’s CPI release, pushing the S&P 500 higher by about 1.75%. Interest rates retreated as well, as softer inflation likely will take some pressure off the Federal Reserve to continue aggressively hiking interest rates. The Consumer Price Index (CPI) was unchanged during the month of July, against expectations for a 0.2% gain.
Optimistic that Inflation has Finally Peaked, Investors Cheered Wednesday’s CPI Release
August 10, 2022