Tag: CPI

(10 May 2023) US stocks ended higher Wednesday after the latest CPI report showed another decline in annual inflation to 4.9%.  While the core inflation number was unchanged at 5.5%, markets nonetheless welcomed the continued easing of price pressures as the dollar and bond yields finished the day lower. Stocks appear to be moving sideways in recent days as optimism from falling inflation has been largely offset by ongoing concerns over the banking system and the prospect of some political brinkmanship over the impending US debt ceiling deadline on June...