Analysis: Investors pivot to Powell after more hot U.S. inflation data
Reuters | Jul 13, 2021 03:57 PM EDT
A Wall Street sign is pictured outside the New York Stock Exchange in New York, (Photo : REUTERS/Carlo Allegri/File Photo/File Photo)
The biggest rise in U.S. consumer prices in 13 years has intensified investor focus on messaging from the Federal Reserve, with the central bank s chairman set to speak before Congress on Wednesday.
Stocks appeared to be taking June s sharp consumer price jump largely in stride, with major indexes edging lower after data showed inflation barreling higher amid supply constraints and a rebound in costs of travel-related services.
Analysis: Investors pivot to Powell after more hot U S inflation data
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Investors pivot to Powell after more hot U S inflation data
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Analysis: Investors pivot to Powell after more hot U S inflation data
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