S&P 500 Hits 6,800 as CPI Gives Fed the Go-Ahead: Markets Wrap

“For a Fed focused on prudent ‘risk management,’ that should translate into another rate cut next week, and likely more to follow,” she said.The cooler-than-expected CPI confirms what we’ve seen overall from private data during the government shutdown — little indication that inflation is surging or that the labor market is falling off a cliff, according to Ellen Zentner at Morgan Stanley Wealth Management.“There was little in today’s benign CPI report to ‘spook’ the Fed and we continue to expect further ea ...