Review & Preview: Inflation Redux

The three major indexes hovered around the break-even point for most of Thursday’s trading session as investors positioned themselves for a long-awaited inflation report. The S&P 500 rose 0.1%, while the Nasdaq Composite gained 0.2%. Everyone, it seems, is waiting for tomorrow’s personal consumption expenditures report, which will mark the first official reading of the Federal Reserve’s preferred inflation index since late September.