I'm writing this blog when the market is open. I think it looks as if the investors are waiting for the release of FOMC meeting minutes later today to decide on the closing color. At the moment it looks like it still hasn't made up its mind. I suppose the meeting minutes would reflect the commentary before the CPI numbers came out so it might not be materially very different with likelihood of +ve comments around the process of "disinflation has started". Let's see how all three major US indices finish today.
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