S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data The S&P 500 hit a record high, closing above 5,000 for the first time after a strong few weeks driven by better-than-expected company earnings and the Federal Reserve’s consistent message on inflation. This week, all eyes are on the Consumer Price Index (CPI) for January, with experts predicting a year-on-year increase of 2.9%, down from December’s 3.4%. This suggests that while inflation is expected to have slowed, careful monitoring continues. The CPI measures changes in the price level of a basket of consumer goods and services, including food and energy, providing a key indicator of inflationary trends. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Unexpected Dip in US Jobless Claims Signals Robust Labor Market READ MORE Forbes Explains CBDCs: Understanding the Rise of CBDCs READ MORE Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE Successful Newcrest bid would extend US Newmont’s lead as world’s largest gold producer READ MORE India's Bold Move: Reducing Bullion Import Taxes to Revitalize Market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment