Inflation data loses impact on stocks as market remains erratic.

Monthly reports on consumer-price inflation are no longer causing significant swings in US stocks as they did in 2022. Inflation reports became a marquee event for markets last year, surpassing even the monthly nonfarm payrolls number in terms of their impact. However, a market strategist and trader explained that the fading impact of inflation data on stocks could be due to investors becoming accustomed to the reports after more than a decade of near-irrelevance.