Investors are praying for soft US inflation data! | MarketTalk: What’s up today? | Swissquote
The S&P500 surpassed last summer peak level and recovered to the highest levels since April 2022 on hope that… we could see a sufficiently soft inflation data from the US, which could chase the hawkish Federal Reserve (Fed) clouds away and clear the sky for a Fed pause.
The US inflation data is due today, as the Fed begins its two-day policy meeting. Expectations are rather soft – which make them harder to beat.
While equity traders seem optimistic about the end of the Fed tightening, bond traders are more skeptical. The US 2-year yield remains on a positive trajectory....