Stock Market Update Thursday January 11, 2024 Stock market indices have faced challenges in advancing further after nearing their previous all-time highs. The prospect of a rate cut was pushed further into the future due to unexpectedly higher inflation, creating downward pressure on risk assets. In today's eagerly awaited CPI report, the inflation figures were slightly higher than anticipated. December recorded a 0.3% gain compared to the expected 0.2%. However, in the grand scheme of things, a 0.1% variance in a complex metric like the CPI, which incorporates numerous estimates, may not have significant implications.
Away From Stocks: WTI crude flipped back above $72 a barrel, gold retreated to $2,016 per ounce and the VIX remained stuck below 12.50
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