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The S&P 500 rose into new territory on Friday while the tech-heavy Nasdaq jumped over 1% after revisions to inflation data turned out to be nothing to worry about.
In a day lacking major U.S. economic data releases, much attention was turned to the CPI revisions, but that also failed to have a lasting impact. Theā¦
Last year, the Federal Reserve was caught off guard when the Bureau of Labor Statistics released revised Consumer Price Index figures showing inflation rose in December 2022 and did not fall as previously thought.