Wall Street is bracing for November's key inflation report and the beginning of the Federal Reserve December policy meeting.
I'd go more negative on the market if we got a big reaction to a slightly light CPI, says Trivariate's ParkerStock futures were flat in overnight trading as Wall Street braced for November's key inflation report and the beginning of the Federal Reserve December policy meeting.
Tuesday's inflation report could play a key role in the Federal Reserve's next rate-hiking decision expected at the conclusion of its two-day policy meeting on Wednesday. Monday's overnight moves follow a solid session for all the major averages after a tough down week. The Dow gained more than 528 points, or 1.58%, while the S&P and Nasdaq rose 1.43% and 1.26%, respectively.
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