Inflation trap? Stock market’s near-record run faces the most crucial CPI reading of 2024. | Forum

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Danny Parker
Danny Parker May 13
U.S. equities might run into a mousetrap on their way back to record territory, with this week's consumer pricing report potentially being the most important of the year.

Inflation during the last three months has been out of sync with the Federal Reserve's aim of attaining a 2% annual rate, with energy and housing expenses pushing the consumer-price index, or CPI, for March up to 3.5% annually.