CPI Inflation, Initial Claims May Start S&P 500 Santa Rally (Live Coverage)
Market Intelligence Analysis
AI-PoweredThe market may experience a potential 'Santa Rally' with the release of CPI inflation and initial jobless claims data, which could lead to further Federal Reserve rate cuts and boost the S&P 500.
Market impact analysis based on bullish sentiment with 76% confidence.
Article Context
Consumer price index and initial jobless claims data this morning may help cheer markets with the prospect of further Federal Reserve rate cuts after the S&P 500 fell for a fourth-straight session on Wednesday. S&P 500 futures rose modestly, buoyed by strong Micron Technology earnings and guidance. The Bureau of Labor Statistics didn't collect October price data amid the shutdown, so markets will focus on the 12-month inflation rate, particularly core inflation, which strips out food and energy.
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