S&P 500 Tops $5,400 As Federal Reserve Holds Rates Steady, Inflation Eases

S&P 500 Tops $5,400 As Federal Reserve Holds Rates Steady, Inflation Eases

U.S. stocks settled mixed on Wednesday, with the S&P 500 settling above the 5,400 level for the first time following the release of inflation data and the Federal Reserve's latest interest-rate decision. The annual CPI inflation rate fell from 3.4 to 3.3 in May, below than the median economist projection of 3.4. According to Econoday, the economist consensus ranged from 3.3 to 3.5.


User: Benzinga

Views: 518

Uploaded: 2024-06-13

Duration: 00:48