"Investors Remain Bullish as Markets Surge Despite Hot CPI Data"
TL;DR
Despite the hotter-than-expected CPI inflation report for February, BlackRock's Rick Rieder believes that the Federal Reserve still has "breathing room." The S&P 500 ended at a record high, seemingly unfazed by the inflation reading, indicating market confidence in the Fed's ability to manage the situation.
- Why Fed still has 'breathing room' after CPI inflation report, says BlackRock's Rick Rieder MarketWatch
- Stock market today: S&P 500 hits new record high as investors shrug off sticky inflation data Yahoo Finance
- CPI report for February: Dow higher, shrugging off hotter-than-expected inflation reading MarketWatch
- Why Stocks Are Rising After Hotter-Than-Expected CPI Report Barron's
- Markets News, March 12, 2024: Nasdaq Climbs 250 Points, Yields Jump Following Inflation Data Investopedia
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