US CPI had better ease [Video]
|The S&P500 hit its 44th record this year on Wednesday and the US dollar index pushed into the medium-term bullish consolidation zone. The Chinese CSI 300 rebounded on details about liquidity tools designed to facilitate institutional share purchases and on hope that the Saturday briefing from the government would give investors what they want: SOLID FISCAL STIMULUS.
Market sentiment isn’t bad; copper, iron ore and US crude are better bid today.
Today will bring the latest CPI update to investors’ attention. The Federal Reserve (Fed) members may have shifted their focus from inflation to jobs. But stickiness in US core inflation could get the market question the Fed’s relaxed stance regarding its dovish ambitions!
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