Dow, S&P 500 and inflation
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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
The risk is that a hotter-than-expected June inflation report — one that Fed Chair Jerome Powell recently called among the most important for assessing the impact of tariffs — could slow the pace at which the central bank lowers interest rates. Importantly, that could also throw a wrench into the stock market’s record-setting rally.
Dow Futures flat amid latest Trump vs Powell fiasco: 5 things to know before Wall Street opens today
Dow Futures digest earnings, inflation data, and Fed tensions as tech stocks and economic signals take center stage.
Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.
US stocks hold steady as traders downplay tariff threats and await key earnings and CPI data, with tech and energy sectors showing early weakness.
U.S. stocks opened mostly lower on Monday as investors monitored tariff developments and their potential impact on inflation and corporate earnings. Big banks are set to kick off a fresh earning season in earnest on Tuesday,