Powell warns of more volatile inflation
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The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce.
Risky assets were again popping on Tuesday afternoon, as markets returned to risk-on mode after April consumer-price-index report showed inflation came in cooler than expected. "The softer \[inflation\] figures are adding to confidence that the Trump policy mix won’t produce much inflation,
At least one official at the Federal Reserve is still skeptical about the trajectory of inflation and the economy, despite developments this week that cheered investors.
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The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
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While April inflation data hinted at a possible demand pickup ... continued to cut prices to maintain client demand. The market’s reaction to April’s inflation report will hinge largely ...
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,