Stocks Rise After CPI Surprise

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Cooler-than-forecast February inflation pushed stocks higher after two days of heavy losses. A kneejerk rally in bonds quickly reversed and yields rose across the curve amid concerns over an escalating trade war.
Equities advanced after a selloff that put the S&P 500 on the verge of a technical correction. The bounce was led by tech megacaps, which got heavily hit during the recent market meltdown. While the surprise slowdown in consumer prices brought relief to traders, several voices on Wall Street saw the data as the “calm before the storm” given all the uncertainties around the potential impacts of tariffs on the economy.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Co-Host of the Bloomberg "Odd Lots" Podcast Joe Weisenthal about the latest US inflation data and the state of markets following a volatile start to the week.
• Senior Vice President at Boundary Stone Partners Emily Domenech about the latest developments from negotiations between the US, Ukraine and Russia over a ceasefire.
• Former Supreme Allied Commander for Europe Gen. Wesley Clark (Ret.) as President Donald Trump told reporters in the Oval Office Wednesday that he hoped it wouldn’t be necessary to pressure Russian President Vladimir Putin into accepting a ceasefire deal with Ukraine.

 

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