Wall Street Slams Hold Button in Run-Up to CPI: Markets Wrap

Published On Jan 14, 2025, 11:24 AM

As traders await crucial consumer price index (CPI) data, stock and bond markets remained largely stagnant. The CPI report, expected to be significant for inflation forecasts and Federal Reserve rate decisions, could lead to market fluctuations, with anticipations that the S&P 500 may move by 1% in either direction. Earnings reports from major banks are also forthcoming, with expectations of resilient performance in trading and investment banking, despite declines in net interest income due to sluggish loan demand. Additionally, the article highlights movements in various stocks, including declines for Boeing and Eli Lilly and increases for homebuilders post earnings beats.