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Market Momentum Stalls as Investors Weigh Inflation Data and Fed Outlook
The recent rally in U.S. stocks took a breather on Wednesday as investors digested a softer-than-expected inflation report and assessed the implications for Federal Reserve policy. The Dow Jones Industrial Average remained flat, while the S&P 500 slipped 0.3%, and the Nasdaq Composite led declines, falling 0.5%.
The latest Consumer Price Index (CPI) data showed inflation rising 0.1% month-over-month, below the expected 0.2% increase. Core inflation, which excludes food and energy, remained steady at 2.8% year-over-year. This cooler-than-anticipated inflation reading fueled speculation that the Fed might move toward an interest rate cut later in the year.
Investor sentiment was also shaped by ongoing U.S.-China trade negotiations, which aim to revive a tariff truce. While the framework agreement was announced, details remain unclear, leaving markets uncertain about its long-term impact.
Meanwhile, Treasury yields declined, with the benchmark 10-year yield falling to 4.41%, reflecting increased expectations of monetary easing.
Despite the pause in the rally, analysts remain optimistic about the broader market trajectory, with the S&P 500 and Nasdaq hovering near record highs amid hopes for economic stability and potential trade resolutions.
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