Markets Breathe a Sigh of Relief, But What's Driving This Calm? The recent Consumer Price Index (CPI) report has sent shockwaves through the markets, but not quite in the way one would expect.
The cooler than expected inflation numbers have sparked a relief rally on Wall Street, with the S&P 500 and Nasdaq Composite rising to new heights. Inflation rose by 3.
5% in June, well below economists' expectations of 3. 8%. On a core basis, inflation rose by 2. 6%, also below forecasted levels.