"Inflation Report Sparks Stock Market Turbulence: Fed's Data Dependence Questioned"
TL;DR Summary
Stock futures dipped as traders anticipated another inflation report, with Dow Jones Industrial Average, S&P 500, and Nasdaq-100 futures all sliding. The market reacted to a hot March inflation reading, prompting concerns about potential Federal Reserve rate cuts. The next key inflation tests come with March's producer price index and weekly jobless claims. Additionally, Vertex Pharmaceuticals announced its acquisition of Alpine Immune Sciences, causing shares to fluctuate.
Topics:business#earnings-season#federal-reserve#finance#inflation-report#stock-futures#vertex-pharmaceuticals
- Stock futures slip on Wednesday evening as traders brace for another inflation report: Live updates CNBC
- Stock market today: Stocks sink, yields jump after inflation data torpedoes rate-cut hopes Yahoo Finance
- Rate cuts delayed? The Hill
- Dow closes 422 points lower after a surprisingly bad inflation report CNN
- Fed Needs to Pivot Away From Excessive Data Dependence Bloomberg
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