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In-Line CPI Offers Relief for Stock Market, Strait of Hormuz Remains Wild Card
Description
CPI hit in-line with Wall Street estimates, though Kevin Hincks says there's more to watch underneath the key headline numbers. He guides investors through the print and the market's breath of relief as stocks move higher. Kevin adds that expectations for Fed interest rate hikes "should come down" with signs of inflation cooling. However, crude oil remains a key point of interest as headlines continue to clash around the Strait of Hormuz.
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