Inflation pressures the Nasdaq
The US Consumer Price Index report shows that inflation is slowing at lower-than-expected rates. In annualised terms, consumer prices have slowed to 6.4% against a forecast of 6.3%. In January, inflation accelerated by 0.5% compared to the previous month. With this uptick, the likelihood of the US Federal Reserve raising its key interest rate increases. This may put pressure on the Nasdaq.
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