CPI Numbers Come in Cooler

Pre-market futures had rocketed higher upon the long-awaited release of the Consumer Price Index (CPI) report this morning, which actually showed inflation metrics tick DOWN slightly, instead of work their way higher, as they had done in previous months. The Dow moved from +87 points immediately ahead of the release to +210 points now, the S&P 500 went from +23 to +41, and the Nasdaq shot up from +125 points to +222 points at this hour.Market participants had been trusting economic figures to remain subdued ...