The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move.
Cues From Tuesday’s Trading:
The S&P 500 settled higher on Tuesday, as investors digested the recent inflation data.
The annual inflation rate in the US eased to 6% in February, the lowest level since September 2021, in line with market expectations, and versus 6.4% in the previous month.
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