December 22, 2024

The stock market was briefly unsettled by CPI report. Here’s why.

 The stock market was briefly unsettled by CPI report. Here’s why.

The stock market was briefly unsettled by CPI report. Here’s why.

August’s consumer-price index came in close to expectations and reinforced traders’ expectations for a regular-size, 25-basis-point rate cut from the Federal Reserve next Wednesday. But it still disappointed investors and traders anyway, soon after the data was released.