The SPDR S&P 500 (ARCA:SPY) is trading higher Wednesday after CPI data came in below average economist estimates, a potential sign that inflation may be coming down fast enough for the Federal Reserve to pause in its fight against inflation.
The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday morning after the Labor Department reported a 5% year-over-year increase in the consumer price index (CPI) for March.
Weekly Initial Jobless Claims were 228,000, a decrease of 18,000 from the previous week's revised level, according to data the Labor Department released on Thursday.
The increase of economic activity in the United States' services sector slowed in March, with the ISM Services Purchasing Managers' Index dropping from 55.1 to 51.2, falling short of estimates of 54.5.
Eight of the 10 subindices that constitute the overall index fell during the month.
The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.3% on Friday morning after the Bureau of Economic Analysis reported a 5% increase in the personal consumption expenditures price index in the month of February, suggesting the Federal Reserve still has a long way to go in its
The SPDR S&P 500 (ARCA:SPY) has been trending higher over the last week on the heels of the Federal Reserve's 0.25% rate hike, which very well could be its last in its current chess match with inflation. The central bank's preferred inflation measure will be released Friday and the data is likely to influence the